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Inward Processing (IP)

This courses satisfies the requirements of the British Chambers of Commerce "Inward and Outward Processing" assessment. Assessment can be undertaken via an approved Chamber of Commerce in the UK

This course may qualify for grant funding available to UK companies. Please see https://www.customsintermediarygrant.co.uk

CORONAVIRUS UPDATE - DURING THE CURRENT EMERGENCY WE ARE ABLE TO DELIVER MOST OF OUR TRAINING COURSES AS ON - LINE TUTORIALS - PLEASE CONTACT US FOR DETAILS

Inward Processing Training Course  Description:

Inward Processing (IP) is used to obtain relief from customs duties and import VAT on goods that are imported from outside the UK for processing. The basic principle is to allow UK exporters to be more competitive by reducing their processing costs. Processes that are permitted under IP include manufacturing, sorting and packing, repair and refurbishment.

The number of qualifying imports under the old "Simplified" IP regime is restricted to 3 per year and those traders who wish to exceed this limit require an authorisation.

Customs impose strict obligations to comply with the IP procedures, and authorisation can be withdrawn from those traders that do not have a good compliance record

This half day training course will examine the principles and terminology of IP and some of the options available within IP. It will consider the methods of operation and compliance with Customs requirements

Topics Covered:


Duration:

Half Day

Who should attend?


Cost and Availability

For public course fees and schedule please see listings on course schedule page. We would be pleased to quote for in company delivery. Please contact us for a quotation
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