• BDO Customs Duty Services

    BDO’s approach to understanding your customs duty position

Customs Duty

Today's global economy brings both an increased volume of imports and exports and greater scrutiny of cross border flows. This poses a significant challenge to business supply chains because the international movement of goods can be costly and the legislative infrastructure, including the new Union Customs Code (UCC), complex. In this dynamic trading environment, a global business must ensure compliance whilst carefully managing international trade costs in order to stay competitive and profitable.

BDO is committed to understanding your needs and delivering exceptional client service and our customs duty team can bring a fresh perspective to your business. By drawing on our experience and specialist knowledge, we will seek to identify opportunities to help you achieve your objective of working in the most duty efficient manner. 

The dominant challenge for companies trading in today's competitive market is to focus on 'growth' by being more innovative in strategy and structure than their competitors.  To achieve this requires a full understanding of the issues affecting your business and the ability to develop solutions to improve compliance, reduce costs and ultimately improve profitability.  BDO can help you to accomplish this aim.

Our offering

BDO's global network of specialists in Customs and International Trade can help you to move goods around the world more effectively.  We can develop and implement strategies to manage import duty costs by utilising free trade agreements, customs regimes and international trade structuring.

Our specialists can provide assistance in the following areas:

Process/Controls Review

It is common for today's businesses to have a decentralised customs function which is not aligned to other core business processes. Our reviews are designed to evaluate current processes and procedures against HMRC requirements, identify any gaps and make recommendations for efficiency in the supply chain operation. These reviews can also help the business meet the standards required by the Authorised Economic Operator accreditation and Senior Accounting Officer regulations.

Management Support System ("MSS") data reviews

Many businesses may feel that they have little or no visibility over the customs duty process.  BDO has developed a management tool to enable businesses to obtain comfort that their supply chain processes are operating efficiently and that potential saving opportunities are not being missed.

Key process reviews

BDO can provide guidance to businesses on classification, valuation and preference compliance to ensure the optimum amount of duty is being paid and minimise the risk of HMRC assessments.

  • Tariff Classification – this drives a number of import variables such as the duty rate, entitlement to preferential rates of duty, and import restrictions such as quotas and suspensions.
  • Valuation – The customs value declared forms the basis for calculating the amount of duties payable, so the business must comply with valuation rules.
  • Preference – A variety of preferential trade agreements exist between the EU and its key trading partners.  The ability to claim preference on import and/or export of a product is governed by legislation which requires certain key criteria to be met and documentation, such as a certificate of origin, to be obtained.

Training courses - bespoke and standardised training programmes

Our on-site training programs cover all areas of customs planning and compliance for global businesses. We can provide a standard training session or a tailored programme to address the individual commercial needs and practical challenges faced by your organisation.

Assistance with implementing customs reliefs/regimes

A variety of reliefs and regimes exist to encourage manufacturing within the EU, which either suspend or extinguish customs duty liabilities.  BDO can provide guidance on which duty reliefs and/or regimes may be appropriate to a business thereby reducing costs and improving margins.

Compliance and advisory advice

We can offer advice and assistance in all areas of international trade with a view to delivering best practice methodologies and developing global trade programs that can maximise risk management and cost reduction, thus driving improved business performance.

Audits and Investigations by HM Revenue & Customs ("HMRC")

All businesses have to deal with HMRC from time to time and there are a number of ways we can help to relieve the pressure this puts on your organisation. Where a difficult customs duty matter arises, you can instruct us to discuss the situation with HMRC on your behalf to help negotiate an acceptable solution.

Understanding your business

We would welcome the opportunity to take time to learn more about you and your business.  This will enable us to pinpoint areas where we can work together to ensure that the company's supply chain is operating efficiently and potential saving opportunities are not being missed.  Why not ask for a meeting* with a local customs duty specialist?  Moreover, by investing time in understanding you, this will enable us to identify any changes in legislation or potential opportunities which may affect your business in the future. 

How BDO can help you with Customs duty and international trade?