Contact
6 Margaret Street, Newry, BT34 1DF
Companies House Registration Number 1309 3845
VAT Registered 36865046
Call: 0330 133 4677
Email: info@swiftfile.co.uk
As a result of Brexit, many British businesses have seen their customs exposure increase significantly. There might be a lack of familiarity with customs concepts and requirements, and this can increase the customs risk of a business. SwiftFile’s customs experts can advise on how to avoid the pitfalls, smooth product flow and even save money while trading in a customs environment.
The following are examples of how we assist clients:
When a client choses us as their dedicated customs partner, they get the benefit of SwiftFile’s in depth customs knowledge to draw upon.
If you have a concern about a customs matter, or you would like to know more about how to gain relief from import duties
We provide our customs partners with a monthly summary of their import activity. This unique services gives a complete, instant picture of their import numbers.
The standard Customs & Excise report traders receive from HMRC does not give a complete picture of an import transaction.
The following key pieces of data might not be included:
The above gaps means it is not a straight forward process for a CFO to see where the import duty hit is coming from. She might see a import duty hitting the P&L, but there is quite a bit of work for the finance team to show exactly where the duty hit is coming from.
Similarly, postponed accounting for import vat is a fantastic cashflow benefit for an importing company. But any import vat postponed must be properly accounted for in a company’s vat return. Failure to do so could lead to HMRC excluding a business from availing of PVA.
The instant visibility provided by our reports fills in these gaps. They provide a full set of numbers to aid compliance, reporting and decision making. Our customs partners get these reports as part of their overall service package.
We can also advise companies who are having difficulty getting visibility of their customs numbers. Get in touch for a consultation.