Suspend your excise duty and VAT with AMCO bonded warehousing
Posted on 13.03.2020
UK Bonded Warehouses are a great way to manage cash flow through your business. With today’s fluctuating exchange rates post Brexit, choosing a bonded warehouse to store your stock and equipment without paying import duty or VAT is a wise choice.
While your goods are in safe hands with AMCO customs bonded warehouse, your stock, which would usually incur duty or import VAT, is suspended until sold. This gives your business the flexibility to develop a sales strategy to suit the current marketplace. But what other benefits are there?
Speedy sales with warehousing and distribution
With the massive increase in online purchasing, it’s of the highest priority to supply to retailers and direct clients with quick turnaround deliveries. Usually, your stock is packed as one very large consignment which is then broken down as sales are made. You will be issued with a bond which ensures no revenue loss due to taxation while your goods remain in the warehouse. Storing your stock with suspended fees allows you to take good advantage of increases in exchange rates when purchasing and the flexibility to offer a speedy sell. Bonded warehouses are often affiliated with freight forwarding companies, which gives you the ease of moving and shipping your goods when you’re ready.
Short or long term, secure storage’s solutions with UK Bonded Warehouses
Most bonded warehouses have the ability to store stock over both short and long periods of time. At AMCO warehousing we have a flexible approach, which means that if you’re facing an issue, such as too much immediate stock, we can find a short term storage solution for you.
Alternatively, if you’re looking to store your goods for a number of years, as lots of clients do, you can rest assured that they are secure and VAT and duty-free until sold. UK Bonded warehouses hold security as a priority with around the clock monitoring, dedicated security personnel and inventories.
Managing customs clearance can be a headache with a load of paperwork that is difficult to fill in. At AMCO warehousing we handle all customs documentation for our clients. AMCO is a founding member of the Customs Clearance Consortium, who is working to seamlessly transition post Brexit.
With us, you can rest assured that you won’t incur any unforeseen fees, as we will guarantee the processing of customs clearances at less than the market rates. We take responsibility for the clearance process and the correct paperwork, so you can enjoy peace of mind!