Inward Processing Relief (IPR) is a customs regime that helps businesses save money by allowing goods to be imported for processing without paying duties or taxes upfront. It’s ideal for businesses that re-export processed goods or need more time before selling them in the local market.
By using IPR, you can improve cash flow, reduce costs, and make your operations more efficient. Our team is here to guide you through the process, ensuring you meet all requirements and take full advantage of this valuable relief.
What is IPR (Inward Processing Relief)?
IPR (Inward Processing Relief) is a customs scheme that allows businesses to import goods without paying duties or taxes upfront. These goods can be processed, repaired, or assembled, and if they’re re-exported outside the UK, no import duties or VAT are charged.
It’s designed to help businesses that work with international trade, giving them more flexibility and reducing costs. For example, if you import raw materials, turn them into finished products, and export them, IPR can save you money by suspending or waiving duties on the imported items.
To use IPR, you need to meet certain rules and keep accurate records of your goods and processes. It’s a great way to manage costs and improve cash flow if your business processes or exports goods regularly.
Benefits of IPR
Using IPR (Inward Processing Relief) offers several advantages for businesses involved in processing or exporting goods:
By taking advantage of IPR, your business can reduce costs, simplify customs processes, and focus on growing trade opportunities.
How we can help with IPR
Managing IPR (Inward Processing Relief) can feel complicated, but we’re here to make it simple. Our expert team will guide you through every step, ensuring you meet all the requirements and get the most from this valuable customs scheme.
We’ll help you apply for IPR, making sure your documentation is accurate and complete. If you’re already using IPR, we can review your setup to ensure you’re compliant and maximising the benefits.
Our support includes advice on record-keeping, understanding the rules, and handling any queries from customs authorities. With our help, you can save time, reduce stress, and focus on running your business while we take care of the details.
Why choose us for IPR support
We understand that navigating IPR can be challenging, but our experienced team is here to make it easy. With years of expertise in customs and trade, we provide clear and reliable guidance to help your business save money and stay compliant.
Our tailored approach ensures that we understand your business needs and provide solutions that work best for you. From applying for IPR to managing records and compliance, we handle the details so you can focus on growing your business.
With our friendly, professional support, you can trust us to make the process straightforward and stress-free.
Get in touch with us today
Ready to make the most of IPR? Our team is here to help every step of the way. Whether you’re applying for the first time or need ongoing support, we’ll ensure everything runs smoothly.
Contact us today to find out how we can help your business save time and money with IPR.