The confusion in the use of language surrounding the Single Market and the Customs Union in the debate post-Brexit demonstrates a significant gap in understanding of the true implications of leaving the EU. It is clear that until the UK leaves the EU following the Brexit referendum in June 2016, all imports into the UK remain governed by the EU Regulations and the EU Customs Tariff. Because our team is expert in customs procedures, we can assist businesses by the minimisation of customs duty imposed by the EU customs tariff on imports from third countries by identifying a more favourable tariff classification where possible and the identification of any applicable duty reliefs and ensure streamlined customs processes are implemented in order to facilitate the movement of your goods in transit.
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Under the customs tariff, the correct tariff classification of imported goods is critical to the irrecoverable bottom line costs to a business.
In our experience, import agents will enter goods under a “safe” tariff classification due to the pressures of time. In our experience, many businesses could benefit from an in-depth classification review which gives real financial bottom-line benefits when greater in-depth analysis of the nature of the goods is applied, leading to more appropriate and cost effective descriptions.

For many manufacturers (e.g. the motor manufacturing trade) certain duty reliefs can apply when goods are imported and then are subsequently re-exported in other products. Likewise, reliefs can apply when goods are exported for processing and then subsequently reimported having been incorporated into the finished article. For other importers, obtaining the certainty of a Binding Tariff ruling from HMRC may provide comfort in respect of classification of goods.

iTax has many years’ experience advising businesses on their customs processes whether classifying goods and challenging classifications imposed by HMRC or advising on implementing customs systems. We can examine your current or potential tariff classifications and ensure that they are correct or whether a more suitable alternative could be applied. In the event that HMRC disagree with a classification and impose an adverse ruling, we can appeal to the Tax Tribunal.

Failure to properly account for customs duty or otherwise comply with EU customs regulations under the Union Customs Code or the Customs and Excise Management Act 1979 and associated Regulations can lead to severe financial penalties or even prosecution. Our team can also advise on the HMRC offence provisions, and over the years have developed time proved strategies for maintaining control in the event of the involvement of either UK or EU investigators. It is critical that your advisers know the law and are able to effectively gather and analyse all relevant information in order to protect the interests of the client. Our team has represented the interests of some of the largest Global organisations and is happy to discuss any customs issue on request.