Are you facing challenges with customs duties and VAT when importing goods into the UK? East Lancashire Chamber of Commerce is here to help!

We’ve received numerous inquiries regarding customs warehousing, and we want to share the key benefits of this powerful tool for your business.

What is Customs Warehousing?

Customs warehousing allows you to delay the payment of duties and VAT until your goods leave the warehouse and enter free circulation in the UK market. This means you only pay when you’re ready, helping you better manage your business cash flow.

Why Should You Use Customs Warehousing?

1. Delay Duties and VAT

A significant advantage of using a customs warehouse is the ability to defer the payment of customs duties and VAT. This gives you time to assess the market and plan the movement of your goods without the immediate financial burden.

2. Don’t Pay Duty and VAT on Re-exported Goods

Planning to re-export goods? No need to pay duties or VAT if they’re exported again from the warehouse or moved to another customs procedure, making international trade even more seamless.

3. Improve Cash Flow

By delaying the payment of customs duties until your products are ready for consumption in the UK, you can manage your cash flow much more efficiently. Store your imported goods safely before committing to any costs.

4. Long-Term Storage

If your business requires long-term storage of imported goods, a customs warehouse offers a safe and regulated space for your stock, giving you the flexibility to hold goods until you’re ready to act.

At East Lancashire Chamber of Commerce, we have in-house specialists who can guide you through the entire process of applying for and operating a customs warehouse in the UK.

Don’t let the complexities of customs duties slow down your business. Contact us today to learn more and start benefiting from customs warehousing.

If you would like to apply, directly click here or alternatively email international@chamberelancs.co.uk for guidance and support.

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