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Customs Duties

 

What’s the issue?
Customs duties can be a major cost to businesses importing to Europe. Unlike VAT, these costs can’t be recovered. It is essential that duties are controlled and companies take advantage of potential opportunities to defer or obtain relief on payment of import duties.
With the imposition of a new customs penalty regime and increased activity by the authorities, good compliance is becoming increasingly important.

Do you/are you:

  • A multinational company with numerous cross border transactions and international movements of goods?
  • Import or export large volumes of goods across the European border; or have an annual customs duty bill of £250k+?

How can KPMG help?
KPMG’s Customs Duties team can help in a variety of ways:

  • We can provide assistance on the valuation of goods and can help to quantify the applicable rates of duty;
  • We can review and give guidance on compliance issues;
  • We can help companies plan and implement cost-effective deferral or reduction of duty through appropriate use of importation procedures or duty reliefs;
  • We represent clients on the receiving end of unfavourable decisions by Customs officials; and
  • We have also provided staff on secondment to clients as short to medium term cover for customs vacancies.

Why KPMG?
We have a dedicated team committed to helping clients on customs issues. We have particular experience in the retail, automotive and chemical sectors.

For further information about our services, or if you would like one of our professionals to contact you, please Contact Us.

 

 

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