Inward and Outward Processing Relief

IPR & OPR: There have been some important changes to HMRC procedures due to the implementation of the UCC. Inward Processing Relief (IPR) and Outward Processing Relief (OPR) are methods of obtaining relief from Customs duties, and in some cases VAT.  Both procedures can be beneficial to a Company in relation to cash flow together with the possibility of more competitive pricing.

IPR in particular is impacted by the recent changes and the course will also look at the requirement to provide guarantees for the level of suspended duty.

This course helps companies work through the process of applying for authorisation, the necessary information required internally to ensure a good audit trail so that returns are completed on time.

If you want to learn how to take advantage of these duty relief procedures you should attend this course!

Date for the above course:

11 October 2017 (click link to book)

Please contact rachel@suffolkchamber.co.uk for further information, dates of upcoming courses and to discuss how we can assist your training needs.