BONDED STORAGE

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There is a scheme available to VAT registered importers whereby they can improve their cash flow by deferring payment of Duty &/or VAT to HM Revenue and Customs on imported products.

Goods arriving at Port can be sent straight to an approved warehouse under Customs control.

At the time the goods are sold and required for delivery, a Customs Entry is made and the Duty/VAT paid.

This allows a removal warrant to be issued and the goods can then be put into free circulation.

Only the portion of goods that are required need be cleared, not all of the shipment, so taking the strain off paying the dues on unsold stock.

We can help with the Entry at Port, transport, stock records and control, method of payment to release the goods and the Entry itself.

Please note that this does not extend to Excise goods, alcohol and tobacco.