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This unique course is intended to provide the often-missing link for finance specialists to the world of international goods movement and how the issues and unexpected costs they see on a daily basis, are inadvertently created.
This much-acclaimed course provides that ‘light bulb’ moment for finance professionals, stripping away the confusion, technical jargon and conflicting objectives to show a clear path to business improvement and greater profitability.
Many companies optimise their inter-company transfer charging for corporation tax but are completely unaware of the impact this will have on the valuation for customs purposes with its link to import duty and tax payable at the border. Likewise the seemingly simple choice of an importer or exporter can lead to the need for businesses to register a multitude of new companies around the world to manage their tax affairs.
The course is given from an integrated, pragmatic and practical viewpoint rather than an academic and theoretical one. The emphasis is on shining a light on the supply chain to explain how seemingly unconnected elements interact to produce cause and effect. Once understood it is entirely possible to avoid difficulties and delays and achieve cost efficiency across the business disciplines involved.
Course content will include:
- how worldwide and EU goods movements work
- place of supply rules
- the benefits and costs of airfreight, seafreight, road, hand carry and courier shipments
- the use and implications of incoterms®2010
- how to find the correct tariff classification (commodity code) and customs value
- how to calculate and predict freight, duty and VAT costs
- the requirement for bank guarantees
- managing duty deferment accounts
- the C79
- Simplified Import VAT Accounting (SIVA)
- using customs procedures to legally avoid the need to pay import duty and VAT
- the impact of transfer charging, services agreements and related company transactions
- the importance and benefits of goods’ origin
- customs procedures e.g IPR, OPR, RGR, Bonded warehousing, temporary import etc.
- certification and legalisation costs of documents
- intrastats and the EU sales list (ESL)
- working with freight agents, customers and suppliers
- reading and checking a customs entry (C88 SAD)
- the financial impact of holding Authorised Economic Operator (AEO) status
Full delegate notes (not just copies of the slides) are provided for future reference. All delegates receive a Certificate of Attendance for their training records.
The course runs from 9.30am to approx. 4.30pm. Continental breakfast and lunch are included.
Practical, pragmatic advice and training