Inward processing in the UK: how a trivial compliance failure caused them to be taxed millions
Arne Mielken
Managing Director, Customs Manager Ltd.
February 12, 2023
Photo by Lalit Kumar on Unsplash
- Topic: import
When you realise that the biggest threat to your business is neither the competition nor international event risk, but a seemingly minor compliance failure, you will have read this case study: According to a recent tribunal judgement, even a seemingly trivial compliance failure, such as an error or discrepancy in the information supplied to HMRC by the importer and their customs agent, may invalidate a customs tax remission for an entire time. We explain it all in-depth and provide valuable pointers on legally handling your customs clearances.
- Market: UK - United Kingdom Europe
- Copyright of the journal: CC Learning, UAB
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