International VAT and Customs

When foreign businesses import goods into the EU or other jurisdictions, there is a legal requirement to pay local import VAT and customs duties on most goods.

As a result, importation of goods into a foreign country can create a number of tax issues:

How to recover the VAT incurred and not turn it into a bottom line cost
How to minimise customs and excise duty costs
How to achieve cost minimisation priorities in a way that does not slow down or interfere with the smooth transit of goods through customs borders

Welch and Ellis can assist with this in a number of ways:

  • Identifying optimal importation regimes
  • Reviewing tariff classifications
  • Implementing inward processing relief (IPR) and outward processing relief (OPR) schemes
  • Applying VAT deferment schemes on your behalf
  • VAT registration and compliance where necessary
  • Fiscal representation

International trade in goods is a highly complex area where even minor problems can have major impacts on the cost and timing of product flows. Welch and Ellis offers practical, focused support to help our clients’ trade flow smoothly:

  • Full risk and opportunity analysis for Customs Duty and Export Control services including application of duty relief, Authorised Economic Operator (‘AEO’), Free Trade Agreements (‘FTA’) classification, valuation, and supply chain restructuring
  • Customs duty refunds
  • Customs duty planning
  • On call global customs assistance
  • Participate in proposals with other service lines/offerings
  • Provide training and coordinate customs and export control alerts
  • Setting up in-house customs teams, helping to determine roles and responsibilities
  • Help in making in-house customs advisors to become visible within the organization and recognized for adding value to the organisation