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£850,000 Savings on Import Duty

Problem:

The client felt that they were paying too much in import duty and VAT but were not in a position to identify how and where the savings/process improvements might come from.

Solution:

VernonRato was contracted to use its cost savings ability to investigate and make recommendations. All the company’s products from single units to full systems were evaluated and it was identified that because the company manufactured the units and systems in the UK, the best way for them to import the goods, and make cost savings, was through IPR (Inward Processing Relief).

Further information was obtained by examining the process from import to re-export, including the system used to document the process. The IPR application was completed and within a month, the company received an IPR number and was fully able to start their cost savings.

Results:

Having the IPR number saved the company over £300,000.00 in import duty costs and £850,000.00 in VAT cash flow in their 1st year alone.

£ 1. 1 million

Import Taxes Saved

4 Months

Time Taken

What Our Client
Say About Us

Szabolcs Position

“I worked with Vernon at Unilever. He was a great colleague and mentor to collaborate with. He was always really helpful and provide me with great advice on relevant ongoing projects. He has a comprehensive knowledge in Customs processes and always happy to support and give guidance to maximize compliance. ” Szabolcs Baranyai MIExCustoms Control Lead at Lockheed Martin UK

Fiona Position

Vernon worked with Unilever as a project manager for Customs managing the AEO audit process. Vernon has a very strong knowledge of customs. Vernon partnered with the European customs team developing business process training materials. Vernon is thorough and dilligent in his work. Vernon also went out of his way to guide and coach people on customs and trade matters.

Gary Position

I worked with Vernon at Unilever and would say that he is a very knowledgeable and offers practical solutions on all Customs Compliance matters. He has an excellent understanding of business operational requirements, is very through and hard working. I would not hesitate in recommending him for any role under a Customs Compliance remit.

Benjamin Position

Vernon was wonderful to work with, and has exceptional expertise in customs, leadership and motivation. He consistently demonstrated a soldi work ethic at Whitman Laboratories plus a dedication to success. Vernon is dedicated, self-motivated, methodical and very capable. He is not only a reliable and forward thinking project manager but also an inspiring team player.

Jason Position

Vernon has excellent customs knowledge and expertise. Very good at handling complex and detailed cases. He is a good project manager and leader. Always willing to support and guide his team.

Rik Position

Vernon joined Unilever team as customs project manager for specific tasks. Vernon has proven his customs expertise and knowledge on end to end supply Chain. Vernon has excellent knowledge on AEO strategy, AEO self-assesment and interaction with several customs authorities in Europe. Vernon is teamplayer with coordinating overview without losing the details.

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