A customs warehouse, sometimes known as a bonded warehouse, is an invaluable way for traders to manage their imports. With permission from HMRC, you can store your imported goods temporarily, delaying any duty payments. These duties only become payable when your goods leave the warehouse, usually when you have a buyer, moving the tax point from a UK arrival to a sale.
Our CustomsCloud solution makes it easy to submit your declarations, informing HMRC of goods moving in and out of your customs warehouse. It’s also designed to interface with other commercial or customs warehouse software, giving you the maximum available tax benefits. There’s no additional data entry required, so it doesn’t just improve cash flow, it also helps free up your most valuable resource – time.
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