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IP can save you a lot of money but can also prove a headache! Whether you already operate IP, need to consider the impact on duty payments of the UK leaving the EU Single Market in December 2020, or would just like to know more, this practical workshop unravels the mysteries. Delegates are offered the opportunity to bring in samples of documentation for review.

Virtual Learning Platform

Full day 10.00-15.30: next available dates are

Topics Covered:

  • SPECIAL PROCEDURES – PROCESSING. IP authorisations under new Union Customs Code (UCC) regulations – what should you do?  Notice 3001 Annex D
  • TRANSITIONAL ARRANGEMENTS: How to operate IP in 2018 – the old and new customs procedures.  When should we renew?  The end of Drawback and PCC – what to do.  Using Returned Goods Relief (RGR).
  • AUTHORISATION BY DECLARATION: The UCC simplified authorisations, limited to 3 uses per annum. Systems for security the potential duty and VAT.
  • RETURNED GOODS RELIEF: Is this an alternative to Inward Processing?
  • SPECIFIC AUTHORISATIONS: New simplifications, the new “Economic Test” Rules – understanding the jargon. The link to AEO (C) Approval, IP simplifications and financial guarantees. The link to Customs Warehousing approvals – when it may apply.
  • INFORMATION NEEDED TO COMPLETE AN IP APPLICATION: SP3 Application Form. Customs Comprehensive Guarantee (CCG1).  SP3 compliance questionnaire and internal procedures  and skill levels required
  • IMPORT, EXPORT and other IP DISCHARGE PROCEDURES: Bill of Discharge (BOD) requirements, Entry into Declarant Records (EIDR) and Prior Notifications/ Notification Waivers
  • IP “DISPOSAL” PROCEDURES: Exporting Repaired or Replacement Goods; Prior Exportation Procedures; Scrapping; transfer to other regimes, Simplification for civil+ military aircraft, Transfer to “End-Use” and import to Free Circulation on manufactured goods duty rate (formerly PCC conditions)
  • DEALING WITH OTHER IP TRADERS: Transfer – the UK/EU systems, INF forms/ EIDR for EU transfers and the UCC/AEO Changes with regard to Internal and External Transit
  • ROLE OF HM REVENUE & CUSTOMS
  • RECORD KEEPING AND REPORTING REQUIREMENT INTERNAL PROCEDURES
  • REVIEW OF OTHER DUTY RELIEF REGIMES (SPECIAL PROCEDURES)

 This one-day workshop is designed for anyone currently operating an IP system or considering the benefits of IP for their business.  Delegates are assumed to have some knowledge of import/export.  The workshop sessions include selecting the type of IP, completing an application form and the business implications plus submitting HM Customs reports.  Delegates may bring a copy of their own IP applications or records to review during the day, although this is not essential. 

DELEGATE FEE FOR VIRTUAL LEARNING FULL DAY SESSION

OneCall Members £170.00 + VAT —–  Non-Members £240.00 + VAT

 

By on August 29th, 2020
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Inward Processing Relief - IP Workshop

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