CUSTOMS OPPORTUNITY AND OPTIMISATION REVIEWS
Our Opportunity and Optimisation Reviews allow us to understand your international supply chain and provide recommendations to reduce and potentially recover overpaid import duty and potentially other taxes and levies. Reviews cover classification, origin preferences, valuation and customs procedures.
These popular reviews can often be undertaken on a completely contingent or “no win no fee” basis with duty recovery potentially going back three years. They are completely non-intrusive for your business with Trade Flow doing all the work. Furthermore where reclaims are possible we undertake the research and put together any reclaims with almost no client input. Once the client is happy with any reclaims we submit these to the Customs authority for their approval. We then liaise with the customs authorities should they have any questions.
CUSTOMS COMPLIANCE REVIEWS AND ONGOING THIRD PARTY AUDITING
Customs compliance is critically important to our clients and we can also conduct compliance reviews alongside our Opportunity and Optimisation Reviews. We ensure clients are following best practice and if needed working with them to put things right.
As well as this, we can provide a stand alone best practice review of your company’s import process and procedures.
In the UK we also offer a quarterly and annual audit service of your import entry data. For this we use HMRC’s MSS (Management Support System) data.
ASSISTANCE WITH HMRC INTERNATIONAL TRADE AUDITS, HELPLINE ADVICE AND INFORMATION SERVICES
We offer a range of advice, assistance and helpline packages which can be on a retainer or “one off” basis. Whether you are an importer who has the need for occasional or regular Duty advice, or a Legal or Accountancy practice which wants to have an expert duty resource at your disposal, we have a service to suit you. As a subscriber to any of our retainer services you will also receive mail-outs advising you of changes in Customs legislation that could affect your business.
An HMRC International Trade visit can be daunting for a Finance Director who normally leaves everything to his freight forwarder – don’t worry help is at hand – call us on 01273 921 951 and see how we can help.
BINDING TARIFF RULINGS AND TARIFF CODE REVIEWS
The customs authorities of many countries around the world including EU countries, Switzerland and the USA will provide binding rulings or binding letters establishing the classification of a product prior to import. These rulings usually last for a number of years and are binding. An EU BTI (binding tariff information) is binding on all 28 member states’ customs authorities. If the good is complex and/ or several tariff codes could potentially apply it is important to make a good case for a binding ruling justifying one’s proposed tariff code. We use the rules of classification, binding rulings (that are already in force in the EU and other countries), legal and regulatory precedent and applicable explanatory notes (such as the HSEN and CNEN), to put together a ruling application for clients.
Where clients have many tariff codes in use, binding rulings would not be practical and we can provide a review of import classifications based on our extensive classification experience. Where companies operate in a number of jurisdictions there can often be quite different classifications applied locally. We can help align such databases.
In the EU a binding origin information (BOI) can also be requested from the customs authorities which is useful when there is Anti Dumping Duty on a commodity from certain origins for example.
REVIEWS AND APPEALS OF CUSTOMS DECISIONS AND ASSESSMENTS
Whenever HMRC gives a decision or issues an assessment you almost always have the right to appeal. Whether the decision is the classification of your product set out in a BTI (Binding Tariff Ruling) or a Post Clearance Demand Note (C18) we can help draft a letter of review or provide assistance with a First Tier Tribunal.
In a supply chain, however complex, import duty should only be paid once and even then importers can potentially legally delay, reduce or remove liability for import duty and other taxes.
Customs Procedures are essential to ensure duty is only paid once in a supply chain:
IPR (Inward Processing Relief)
OPR (Outward Processing Relief)
PCC (Processing under Customs Control)
Duty Suspensions can provide duty free access for your raw materials not available in the EU. There are two applications per year.
AUTHORISED ECONOMIC OPERATOR (AEO)
This “badge” allows businesses to show that they meet certain standards of Customs competence and security and is beneficial in applying for the Customs procedures above. There has been relatively little uptake in the UK so far but AEO is becoming more popular as more benefits are forthcoming.
Talk to us about what help we can provide at all stages of feasibility/readiness assessment, application process, implementation and on-going management as required for all of the above.
CUSTOMS IMPORT/EXPORT TRAINING
Training for members of the finance team, NPD team, buyers and customs/logistics teams can be provided specifically tailored to your products, procedures and issues. Buyers and others in the sourcing department could benefit from knowing the duty rate implications of often simple design change or changing the source country.
Although we love talking about import duty here at Trade Flow Customs, we know many people find it a little boring. We therefore strive to make our bespoke training sessions as interesting and memorable as we can.