Member price – £250.00 + VAT
Non-member price – £300.00  + VAT

Duration – 1 Day

Course Overview

International trade is the exchange of goods and services between countries, irrespective of whether or not border controls exist. In today’s economic climate, many companies are involved in both the import and export of components and finished products and therefore subject to the scrutiny of HMRC and adherence to customs regulations in one form or another.

Is your company customs compliant? All too often, companies are unaware of the array of customs notices and procedures that apply to their business transactions. Unless staff receive adequate training, their first encounter with officialdom is often goods delayed in transit or a customs audit. The cost of non-compliance can be high – whether this be demurrage charges at port, civil penalties or the repayment of understated duties.

This is an interactive course with group discussion and practical exercises, giving delegates an overview of the role of HMRC and customs procedures and how these relate to imports and exports.

Benefits

By the end of the day, delegates will have a comprehensive overview of:

• The legal framework that governs customs procedures in international trade
• Where to find the relevant customs notices and information
• The customs clearance process
• The types of suspension regimes that may currently be available
• How to calculate the ‘landed’ price of goods (VAT, duties, taxes et al)
• How to avoid common errors which can quickly delay shipments and erode profit margins