How to reduce import duty

How to reduce import duty

1. Tariff quotas and suspensions
2. Temporary admission
3. Importing samples (or perhaps more broadly an overview of customs reliefs and their conditions)
4. Customs warehousing

What will I learn?

With rising costs affecting all importers, trying to minimise the import duties we pay are more vital now than ever. In the UK we have several schemes and processes that allow companies to lower the duty paid under certain circumstances. This course explores the options available to importers ensuring they can lower duty costs compliantly.

Specifically, we cover:

• Trade agreements and claiming preference
• Tariff quotas and suspension schemes
• Returned goods relief
• Temporary admission
• Customs warehousing

How will I learn?

This is an interactive session with plenty of opportunity to ask questions alongside practical activities in breaking down the processes.