Inward/Outward Processing (Virtual)
24th February @ 9:30 am - 12:30 pm£312 – £372
Inward Processing Relief (IPR) is used to obtain relief from customs duties and import VAT on goods that are imported from outside the EU for processing. The basic principle is to allow UK exporters to be more competitive by reducing their processing costs. Processes that are permitted under IPR include manufacturing, sorting and packing, repair and refurbishment.
The inception of the Union Customs Code (UCC) in UK in May 2016 reduced the number of qualifying imports under the old “Simplified” IPR regime to 3 per year and requires those traders who wish to exceed this limit to seek an authorisation.
Guarantees will be required to cover potential customs debt, but UK Government has stated that these will be suspended temporarily from 01 January 2021 as a post Brexit “Customs Easement”
Customs impose strict obligations to comply with the IPR procedures, and those traders that do not have a “Trusted Trader” status will have to complete a self assessment questionnaire when seeking authorisation to show that they have robust compliance procedures in place.
This half day training course will examine the principles and terminology of IPR and some of the options available within IPR and will also look briefly at OPR It will consider the methods of operation and compliance with Customs requirements
The course should enable delegates to understand
• Conditions for using IPR
• Operational Methodology
• What constitutes a “process”
• Application and Self Assessment
• Options available within IPR
• The Combined Customs Guarantee
• Roles of Agents, Carriers and Forwarders
• The Customs Declarations
• Record Keeping
• Bills of Discharge
• Outward Processing
The assessment fee for the course is included in the price of the course.
Costs: Members – £260 + VAT – Non-Member – £310 + VAT
Please note, this course is to be delivered via Zoom, with the link sent to attendee’s a few days before. There will be regular refreshment breaks.
Sponsored by Surrey Translation Bureau – full details can be found on their website.
The Chamber operates a strict 7 working day cancellation policy. All cancellations must be notified in writing within the required period to qualify for a refund. You may however substitute names up to 24 hours prior to the event.