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£865,000 in savings: Reclaim Money on Imported Goods Declared Through an Incorrect Customs Regime

Problem:

During a self-assessment with a manufacturing company, it was noticed that they imported specific goods during a fixed period. For the period in question, they were authorised for a regime for which import duty and VAT were suspended, although they had continued to pay both.

Solution:

Following our thorough investigation, all of the relevant paperwork were gathered and a spreadsheet were created to show workings. To qualify for the reclaim, it was ensured that the goods in question were used and manufactured into a finished item. Once all the export information was gathered, a further worksheet for duty reclaim was created, which was submitted to HMRC.

Results:

Once HMRC did their investigations, the company managed to claw back £865k in duties during this period alone

£865,000

Duty Costs Saved

2 Months

Time Taken

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