Past Events

HM Revenue & Customs Seminars, 10th March 2011, Free of Charge

Event Date: 10 March 2011

Inward Processing Relief (IPR) - 10:00 - 12:30 - Free of Charge
IPR is a method of obtaining relief from Customs duties and VAT charges. The relief applies to goods imported from outside the EU, processed and exported to countries outside the EU. IPR provides relief to promote exports from the EU and assist EU companies to compete on an equal footing in world markets. Being able to get relief from paying import duty and VAT can be very beneficial to companies, especially for cash flow and competing in world markets. HM Revenue & Customs trainer John Griffiths explained how companies can take advantage.

  • Introduction to IPR – general principles      
  • How the regime works
  • The benefits of IPR
  • Authorisation
  • Keeping records and accounts
  • Simplified procedures
  • Transfer procedures
  • Exports and disposals

Outward Processing Relief (OPR) - 13:30 - 16:00 - Free of Charge
OPR is a method of obtaining relief from Customs duty. The relief applies to goods imported from non-EU countries which have been produced from previously exported EU goods. HM Revenue & Customs trainer John Griffiths explained how companies can take advantage:

  • Introduction to OPR– general principles
  • How the regime works
  • The benefits of OPR
  • Authorisation
  • Keeping records and accounts
  • Simplified procedures
  • OPR Export Procedures
  • Re Importation of Processed
  • Products covered by an OPR Authorisation
  • Examples of Duty + VAT Relief calculations
  • OPR Operators control of Declaring Agents’ customs declarations

 

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