In this edition, Hazel Picton, Managing Associate at law firm Womble Bond Dickinson (UK) LLP together with Adam Wood, Head of Commercial at customs consultancy at Barbourne Brook, look at the key considerations for duty optimisation when importing and exporting goods and services.

Clarity on customs duties:

Businesses often struggle to have a good understanding of their customs declarations as they tend to either employ third parties to submit on their behalf or use systems which produce limited reporting. With a lack of a clear roadmap, businesses can find it difficult to achieve customs conformity and standardised processes.

Those who are looking to enter new markets will benefit from making sense of their own customs data. This can be achieved by having access to software which flags any errors in custom declarations, automates the process of spotting common over-payments and under-payments, and has the ability to make real-time amendments to customs data.

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Customs Strategy Meeting
Customs Duty Insights