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Thames Valley - Inward Processing Relief

Overview
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. This is where knowing about Inward Processing Relief helps as it has the potential for making massive savings.
 
Description

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, rates of yield, throughput periods, time limits, equivalence and prior equivalence
  • The documentation demands
  • How to instruct your freight forwarder
Key Objectives
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.
 
Who should attend?
The course is appropriate for anyone who wishes to understand the hidden costs when trading overseas and how to legitimately avoid them.
 
Location
467 Malton Avenue
Slough
Berks, SL1 4QU
Organiser
Thames Valley Chamber of Commerce
Prices

£500 Non-Members
Chamber members: £375
Check Availability/Book Now
Waybill House, 1 Fitzhamon Court, Wolverton Mill,
Milton Keynes, Bucks, MK12 6BA
Tel: 01908 221162 Fax: 01908 313800
Email: enquiries@tatefreightforms.co.uk
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