How can businesses benefit from these simplifications? Firstly, the business must apply to Revenue for an authorisation. ![]() Equally, if the manufacturer is producing goods on which a 0% duty rate is applied, then the duty liability can be based on the end product, rather than the imported goods, which means that no duty is payable.Īn example of the flow of goods is shown in the diagram. If the business applied for an inward processing authorisation, they would only have to pay duty and VAT on those goods which were released for consumption within the EU. A certain quantity of their finished product is re-exported to non-EU customers and the remainder is released for consumption within the EU. Take the example of a manufacturer based in Ireland who imports raw materials from non-EU countries. ![]() Often businesses are not aware that they can avail of customs simplifications which may reduce or even remove the requirement to pay customs duty or Vat. Customs duties are generally non-recoverable and are absorbed into the product costs affecting margins. The cost and complexity of doing business across international borders is increasing.
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