Simplifying and solving customs compliance and customs duty problems...... Do you want to save customs duties/landed costs, resolve customs duties issues with HMRC, fix customs compliance, review your operations in terms of customs exposures, develop a customs strategy or use AEO? Do you need information, advice or professional representation? Remember that I can help you if you want my help. Do you? Read on for my profile ... or just contact us direct NOW..............
Philip is an experienced and professionally qualified customs duty specialist, international trade trainer and Chartered Tax Adviser, who has spent 25 years training and advising client businesses on the customs aspects of tax and trade including the technical areas of customs valuation, tariff classification, origin rules, duty reliefs and customs compliance, customs risk management and the customs dimension of supply chain management, including AEO.
Customs duty is a tax on imports into the EU. Since the UK is part of the EU, imports into the UK are also subject to import tax (customs duty). Customs law is EU law and customs duty is an EU wide import tax; that is why customs duty does not get a mention in the Chancellor's Budget! Despite that, compliance with customs law, customs duty and import VAT affects every importer in the UK!
Excise duties are levied on alcohol, tobacco and mineral oils and on products and goods containing them. Excise duties are paid both on imported goods and goods produced in the UK or EU.
Four factors affect how much customs excise or excise duty or both is paid on imported goods:
1) the customs value of the goods
2) the tariff classification of the goods
3) the origin of the goods (connected to whether imported goods attract a preferential/lower rate of duty or wheher addtional import duties are imposed)
4) the use of any reliefs from customs duty
Import VAT is also payable on imported goods.
Like other taxes, customs duties and excise duties are managed and collected by HMRC through returns and declarations lodged at import or when certain post import events take place. Compliance with import formalities is therefore an area of risk. Many businesses outsource the making of declarations to freight or clearance agents but mistakes get made because agents are good at moving goods and lodging documents with HMRC but they are not tax experts and the obligation for accurate and correct returns always rests with the business which imports the goods.
HMRC are also responsible for accrediting businesses with AEO status. If you want to know more about AEO (authorised economic operator) status, whether or not to apply, what is involved, have begun the process of applying but need a helping hand in some way, then please contact me.
Like other taxes, customs duties are susceptible to planning and the cost burden to business of import taxes can often be legitimately reduced.
An initial, high level review can identify customs compliance risks and duty savings opportunities. This can often be done by telephone or via desk work based on a short questionnaire.
If you want to read about Philip ...
Philip is an experienced and professionally qualified customs duty specialist, international trade trainer and Chartered Tax Adviser, who has spent 23 years training and advising client businesses on the customs aspects of tax and trade including the technical areas of customs valuation, tariff classification, origin rules, duty reliefs and customs compliance, customs risk management and the customs dimension of supply chain management, including AEO.
He specialises in advising businesses on customs duty management, including the assessment, evaluation and management of customs compliance obligations faced by businesses. He also advises on the risk issues associated with customs and trade compliance in the context of international trade supply chains.
His goal with businesses is to help importers and exporters to understand the impact of trade policy, develop their customs strategy, manage risk, and to reduce costs and delays in their supply chains by auditing, improving, defending and advising on corporate customs, international trade policy matters and compliance systems.
Formerly with specialist customs and international trade groups in PricewaterhouseCoopers and Ernst & Young, Philip owns and manages Quadrel, (specialist customs duty advice) and Phillips Export Training (international trade training). Together these two complementary service lines deliver consulting, advisory and training services on customs and international trade matters to businesses and organisations globally.
Philip is technically experienced in a wide range of customs matters, advising global businesses in multi-site locations over a diverse range of sectors. He is experienced in leading and managing teams, including client personnel, with the technical, business and interpersonal skills which are crucial to the success of assignments.
Philip is professionally qualified as a Fellow of The Chartered Institute of Taxation - for which he submitted one of the first ever dissertations to the Institute on a customs duty topic. He has also acted as an examiner for the Institute. Philip is also a graduate member of The Institute of Export (the UK’s professional body concerned with promoting excellence in international trade), is one of its trainers and has served as a member of its National Council. He is also Consultant Editor of De Voils Customs Commentary published by LexixNexis.