Inward Processing Relief

This event has already taken place.

Date: 09/11/2010

Times: 09:00 - 16:30

Venue: TVC Slough, 467 Malton Avenue, SLOUGH, Berkshire, SL1 4QU

Price: Please call 01753 870500 or see below for further information

More Information:

Duty and tax, paid potentially whenever goods cross an import border, are often the hidden costs that can make finished goods uncompetitive when they hit their end market. Goods moving temporarily for repair, for manufacturing or finishing can add complications to this. Smart companies work carefully to ensure that they find all the legitimate ways of avoiding paying these charges, by using Inward Processing Relief (IPR). IPR has the potential for making massive savings in some companies.

Benefits:
Working on the assumption that the only place where duty and tax should be paid is the last place where finished goods end up, this course outlines the circumstances in which IPR can help to achieve this. It explains the mechanics of IPR and provides suggestions for identifying potential IPR savings in your company.

You will learn:

The movements of goods where duty and tax has an impact
The government sources that are available to help you
The difference between duty preference and duty relief
The basic principles of IPR and when it is applicable
How to deal with temporary movements – repairs, manufacturing, stock-holding
The various authorisations and how to apply for them

The jargon of IPR – economic codes, compensatory products,

The documentation demands

How to instruct your freight forwarder