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On 1st May 2016 all specialised customs procedures changed in line with the new Union Customs Code (UCC).
In these tough economic times can your company afford to lose out on the significant cost savings that your competitors enjoy?
What will be the impact on your company if you don’t act now to move on to the new Processing procedure and therefore lose your existing benefits?
Inward Processing (IP) or Inward Processing Relief (IPR) as it used to be known, is being joined together with Outward Processing Relief (OPR) and Processing Under Customs Control (PCC) to form a single customs procedure known as ‘Processing’.
Companies Authorised to use IP or OPR under the old legislation will have to re-apply to HMRC for the new Processing Authorisation. How and when this has to happen is controlled by the transitional arrangements in the UCC. However, companies currently authorised for PCC need to apply for the new Processing authorisation as soon as possible in order to have it in place for 1st May 2016 otherwise they will be unable to use PCC after that date.
In addition to these new requirements any company wishing to be authorised under the new Processing authorisation will have to either already be a certified AEO (C) or will have to prove that it works to AEO standards whilst not having yet achieved certification.
This essential new course explains the new requirements and most importantly the new benefits and opportunities that a Processing Authorisation will offer to companies sourcing components or raw materials from outside the EU for further processing in the EU.
A detailed and practical guide will lead you through the maze options and show how the processed goods may be able to benefit from a significant reduction in import duty, agricultural levies, CAP charges and VAT when they are imported to the EU or re-exported.
This practical course is designed to equally benefit those who have already held IP, OPR or PCC authorisations and for those who have not previously taken advantage of the benefits that these special procedures offer.
This detailed course will cover both Simplified and Pre-Authorised Processing options.
The purpose, operation, benefits and opportunities for the reduction or complete removal of import duty, agricultural levies, CAP charges and VAT for both repairs and processing operations will be explained with examples in a clear and practical presentation.
Topics will include:
Attendees will gain the knowledge required to allow them to understand the different elements of Processing, implement the procedure, audit requirements and how using this Customs procedure could benefit their business.
This course is suitable for those at all levels of management, operations and administration in Procurement, Sourcing, Finance, Customer Services, Retail, Sales, Shipping, Airfreight, Freight Agents, Logistics, Supply Chain and Import or Export administration. The course is equally suitable for those engaged in large and small businesses.
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