The_Rundown_On_Importing_Into_The_Uk_By_Salehoo

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					The Rundown On Importing Into The Uk By Salehoo

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754

Summary:
Goods imported into the UK require the following:

• A completed C88 form
• An attached copy of the supplier’s invoice
• Goods classified appropriately in order to ensure that the correct
tariff is applied
• Any special licenses that may be required

What documentation needs to be attached to my merchandise?

Your merchandise needs to have a copy of the import C88 form (see more
details below) and a copy of the supplier’s invoice, or a letter if their
has been no sal...


Keywords:
salehoo, wholesale directory, wholesale sources, wholesale suppliers


Article Body:
Goods imported into the UK require the following:

• A completed C88 form
• An attached copy of the supplier’s invoice
• Goods classified appropriately in order to ensure that the correct
tariff is applied
• Any special licenses that may be required

What documentation needs to be attached to my merchandise?

Your merchandise needs to have a copy of the import C88 form (see more
details below) and a copy of the supplier’s invoice, or a letter if their
has been no sale.

The invoice must clearly state what is in each package and contain a full
description of the goods.
What is a C88?

A C88 is the customs declaration form all importers (or their agents)
need to complete in order to to declare goods to Customs. The form asks
you to specify information about the parties involved in the import, the
means of transportation of the goods, and statistical data.

A paper C88 form presented manually is certified when presented by being
stamped by a Custom’s official. Alternatively, details can also be
submitted electronically(through CHIEF), and if this is the case, Customs
will issue an Entry Acceptance Advice in place of a stamp. This is proof
that the entry was input and accepted by Customs.

What duties will apply?

Duties and tariffs depend on the nature of your merchandise and what
classification it falls under. It is your responsibility to choose the
appropriate classification for your goods based on an accurate
description. Note that for some products you may need to apply for a
special license – this is particularly relevant for goods imported from
outside the EU.

Goods classification

Your goods will be processed through Customs more quickly if the correct
classification has been applied.

You can search for the commodity code and relevant import duty for your
product on the Internet at:
http://europa.eu.int/comm/taxation_customs/dds/cgi-bin/tarchap?Lang=EN.

If you are unsure what the correct code should be for your goods, then
you can contact the Tariff Classification help-line on 01702 366077. The
helpline gives a verbal reading on the appropriate code and respective
import duty for a particular product.

A written ruling on the product's Commodity Code known as Binding Tariff
Information (BTI) can also be obtained. This is advisable if you are
importing goods such as complex food products. For these products, the
classification process involves closer consideration of the product's
composite ingredients and is legally binding.

There are a number of different duties that may apply:

•import duties
•'additional duties' on flour and sugar
•'countervailing charges' on fruit and vegetables
•'variable charges' on processed goods
•'compensatory charges' on oils and fats
•'extra charges' on eggs, poultry or pig meat
•'sugar levies' on processed goods with sugar in them
•Value Added Tax (VAT)
•excise duty on alcoholic beverages

VAT

The UK standard rate of Value Added Tax (VAT) is 17.5%. Generally, retail
food products do not have VAT on them. But the exceptions are:

•Ice Cream and similar products and mixes for using them
•Confectionery
•Alcoholic beverages
•Other beverages, and preparations for making them
•Potato chips (crisps), roasted or salted nuts and some other savory
snack products
•Products for home brewing and wine making

What happens when my merchandise arrives at Customs?

Your merchandise will be checked by Customs to ensure that it applies
with import regulations.
Once an entry has been accepted by Customs it is issued with a unique
Entry Number. This number will always follow the format of: three digits
(port / airport code), followed by six digits (including zeros), followed
by a letter, followed by the date of acceptance; for example 120 –
112034B 190302.

How do I pay my import duty?

Once an import C88 has been submitted and accepted by Customs and Excise,
any monies payable against that import are due. You must pay all duties
and tariffs before your goods will be released. Importers with goods
arriving regulalry usually pay by using a Deferment Account for them or
their agent. You can also pay by sterling traveller's cheques, Bankers
Draft or Company Cheque.

For more information see:

HM Revenue and Customs
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.port
al?_nfpb=true&_pageLabel=pageImport_Home

British Chamber of Commerce Export Country Profiles
http://www.link2exports.co.uk

UK Trade and Investment
http://www.ukinvest.gov.uk

US Embassy – UK import procedures
http://www.usembassy.org.uk/fas/import_procedures.htm

The National Advice Service will be able to advise you on any matter
relating to importing to the UK if you call 0845 010 9000.

				
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