Can my business benefit from Inward Processing?

If your business exports goods outside the EU, you may be able to obtain relief from Customs Duty and Import VAT in respect of any materials or components used in the manufacturing process that have been sourced from outside the EU.

An Inward Processing Authorisation enables a company (depending on the nature of the imported goods and the conditions of the IP authorisation) to suspend customs duty and Import VAT on the imported components or materials.

The workshop will cover:

• What are the Customs Special Procedures?
• Transit – External & Internal
• Storage – Customs Warehousing & Freezones
• Specific Use – Temporary Admission and end use
• Processing – Inward & Outward

What are the conditions for granting an authorisation?

• Inward Processing
• Aims of IP
• Methods of IP
• Conditions of approval
• Types of authorisation
• Calculation of duty advantage
• Economic codes to be used
• Receipts into IP
• Movements into and out of IP
• Processing under IP
• Disposals
• Third country export
• Discharging IP
• Disposal to Free Circulation
• Equivalence / Accounting Segregation
• Prior Export Equivalence
• Bill of Discharge

Who it is aimed at?
This workshop will provide significant useful knowledge to exporting business owners either new to export or experienced, employees and any third parties who are involved in the import and export of goods and their related administrative processing. This may also include employees or agents who are tasked with the mandatory financial or organisational responsibilities of a business.

Delivered by
John Griffiths, HMRC International Trade Development Liaison Officer (ITDLO)

Barnsley business rate payers may be able to access a free place at this workshop (one delegate per workshop, per company) and should contact us before booking to clarify eligibility