The purpose of the course:
We shall look at the roles of processing in order to identify if you could trade more competitively. Processing can be anything from repacking or sorting goods to the most complicated manufacturing. With IP, you could benefit from duty being relieved on imports of non-EU goods, which are to be processed in the Community before being put to an eligible disposal. Relief can be obtained from customs duty, specific customs duty, anti-dumping duty, countervailing duty. Alternatively goods can be diverted to free circulation, at the rate of IP goods or compensatory products. Under the new Customs Law implemented in May 2016, the Union Customs Code, compensatory interest is not due. However, a financial guarantee is required for potential debt. With OP we shall explain how you are allowed to claim relief from customs duty on the EU goods which have been exported for process, as long as you can show that the exported goods were used to produce, or are incorporated into, the products you are importing. Before you can claim duty relief under OP, you must be authorised to use these arrangements. OP does not extend to excise duties, but you may be able to pay VAT on a reduced value for goods that you have previously exported if you can satisfy the conditions for this. We shall also discuss other Customs Special Procedures. The UCC impacts on these Special Procedures, come and learn about how the changes may affect you and your business.
Benefits for your organisation:
IP provides relief to promote exports from the EU and assist Community processors to compete on an equal footing in the world market. Learn about the IP system for infrequent use (now referred to as Authorisation by Declaration), together with how to apply to become IP Authorised for frequent users. Learn how the UCC impacts on both IP and some aspects of OP.
Who is this course for?
Those personnel who are responsible for procedures and record keeping, as well as those operating RMA departments and services. IP and OP Traders will be audited by HMRC, it is therefore vital that procedures are fully understood and a full audit trail maintained and evidenced.
- Import and Export Customs Clearance Entries SAD/C88
- Tariff & Classification, Commodity Codes & CPC Codes
- Eligible disposal & Rate of Yield & MCP/SCP
- Relief from Customs Duty, Import VAT
- IP Authorisation by Declaration, IPR Authorised
- Equivalence, Prior Export Equivalence, with or without Triangulation
- Economic Codes (new Economic Codes under UCC), Usual Forms of Handling
- Standard Exchange System
- Other Customs Regimes; ATA Carnets, RGR, End Use, Customs Warehousing
- How the new Customs Law, Union Customs Code (UCC) impacts on above
By the end of the course, delegates will be able to:
Take control of their imports and exports. Be able to clearly and confidently instruct Freight Forwarders/Clearing Agents. Keep spreadsheets and records of all IPR & OPR movements, to ensure you will pass Customs Compliance Audits.
Please note – if you do not receive confirmation 48 hours after booking your place, please contact the Events Team on 01206 765277.
All event bookings need to be made and paid online only unless we have agreed alternative arrangements with you in advance of the event. If you have any queries, please contact our Accounts Manager Rachael Hogg on 01206 363721.