New to import and export red tape?
If you are importing goods into the UK for the first time you may be advised to seek the assistance of a qualified customs agent. The process of creating and filing the correct documentation, such that the goods can pass through border controls with no hold-ups, and any duties or import VAT are paid, is not a process for the faint-hearted.
For example, a Duty Deferment Account (DDA) is the main payment method for customs and excise duty. It can also be used to pay import VAT. Having a DDA lets you defer payments for customs duty, excise duty and import VAT. It also lets you make monthly payments to HMRC through Direct Debit, instead of paying for individual consignments immediately at import, or when released from a duty suspensive procedure such as customs warehousing or excise warehousing. If payments are above £20million this will need to be paid by CHAPS.
If you import non-controlled goods into Great Britain from the EU and use delayed declarations, you will need to have access to a DDA when submitting your first supplementary declarations. You will have 175 days to attain a DDA and submit a full declaration from the day the goods arrive in GB.
Either you or your agent must also be authorised to use Simplified Customs Declarations Processes and have a DDA.
In order to successfully obtain an account, you must meet certain authorisation criteria. Once your application is successful you will be sent a Deferment Approval Number (DAN). The DAN used for declarations must always be quoted on all declarations.
All account holders must continuously satisfy the authorisation criteria in place, even after the application is successful. When making an application, you will need to provide information about your business such as an EORI number, Business Address associated with your EORI number, correspondence address; and you might require your VAT number (VAT numbers are usually not required for DDA).
Moving goods across the UK’s borders in either direction requires compliance with a whole raft of red tape. Unless you have the tenacity and time to burrow into the various customs clearance and duty/VAT payments processes, we again suggest that you consider the services of an experienced customs agent to take care of these chores for you.
All newsBusiness News
- Ad for AI editing app which said it could 'remove anything' banned »
- Mayors to gain more spending power under Reeves tax plans »
- Easter holidaymakers switching from Dubai to Spain as flights fill up »
- Easter holidaymakers switching from Dubai to Spain as flights fill up »
- More than 200 jobs at risk at carmaker Bentley »
Dawn Johnson is licensed and regulated by AAT under licence number 126542.