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.

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

To find our more or to reserve your place, please call 01753 870560, email export@thamesvalleychamber.co.uk or visit our website www.thamesvalleychamber.co.uk.