Importing

The Developing Countries Trading Scheme (DCTS) came into force on 19 June 2023 and has now replaced the UK’s Generalised Scheme of Preferences (GSP). The Department for Business and Trade has stated that the DCTS is a simpler and more generous preferential trading scheme which has been designed to boost trade with developing countries in order to support their development.

Importers can use a new online service for an Advanced Valuation Ruling where HM Revenue and Customs will confirm the method used to calculate the declared import values are correct and this is legally-binding for 3 years.

Duty and Tax Management. Importers do not always take full advantage of import procedures, such as Inward Processing (IP), which could reduce or eliminate duties and taxes altogether on imported goods.

Under current UK VAT law, the standard rate of VAT (20%) applies to the sale of personal protective equipment (PPE). However, the European Commission recently announced backing for member states to implement temporary VAT reliefs to mitigate the impacts of the Covid-19 pandemic.

We provide Importer Of Record (IOR) services for foreign importers and take care of every phase of the importation from customs clearance to the payment of duties and taxes. As the IOR for your products we are responsible for all paperwork relating to import of your products, customs classification and we will arrange the payment of duties and taxes.

Goods such as ventilators, coronavirus testing kits and protective clothing arriving from outside the EU are no longer subject to customs duty or import VAT. This will reduce red tape to ensure frontline health workers get vital equipment quickly and removes barriers to those who want to donate supplies to the NHS.

Outsourcing your international supply chain management by contracting with ICS Logistics Limited will not only save money and provide a higher level of service, but it also frees up your internal resources to focus on the company’s core business.

ICS exists to provide international logistics and supply chain consultancy services to clients. An innovative and decisive business leader, I’m a great ‘international problem solver’. With an impressive track record of executing strategic objectives by leveraging international best practices and strong relationships, I’ve now turned to providing help and support to businesses that need it.