Operate after Brexit

Potential solutions to VAT issues: Customs special procedures

Potential solutions to VAT issues: Customs special procedures

Customs special procedures provide many benefits for business, particularly for businesses which import and process raw materials or store imported goods to re-export.

UK traders facing VAT pressures after Brexit should research whether customs special procedures could be applicable to their business. Benefits include:

  • Deferment of tariffs (duties) and import VAT until the goods are moved into free circulation (into the domestic economy) ​
  • Import tariffs (duties) and import VAT eliminated upon re-export

From a UK trader’s perspective moving goods into, or out of the UK, it would be useful to firstly map your supply chain in detail, to make use of the solutions provided by customs special procedures. You can make use of these procedures one at a time, or by combining them together.

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