Customs Bonded Warehouse
Customs Bonded Warehouse
Approved by HM Revenue and customs
TSP Fulfilment is one of the very few independent storage companies in the North East of England with a dry bonded warehouse license
Approved by HM Revenue and customs
The Storage Place is one of the very few independent storage companies in the North East of England with a dry bonded warehouse license
Customs Bonded Warehouse
A customs bonded warehouse is a secure space which allows you to store goods imported from outside of the UK before they reach their final destination. Importing and exporting from foreign trade zones can become costly, so bonded warehousing is an advantageous way to manage the expenses – for example import duty that allows to defer VAT charges until the goods are sold (i.e. withdrawn for consumption) or removed from the bonded warehouse.
HMRC regulates all UK Customs Bonded Warehouses with strict import and export rules and regulations, which are regularly checked to ensure they are conforming with foreign trade zones. A bonded warehouse storage facility where imported merchandise can be processed and sold must be approved by HMRC (import and export) to allow for customs entry. By working with The Storage Place, you can use our bonded warehouse and improve your cash flow.
Our Customs Bonded Warehouse Services…
Our Customs Bonded Warehouse Services…
Why are customs bonded warehouses used?
Businesses may use customs bonded specific warehouses to store their imported goods if they’re unsure of their final destination or as temporary storage if they plan to re-export goods outside the UK. If you’re waiting for full UK customs clearance and duty payment, you can use a bonded warehouse as a warehouse facility. If the bonded storage offers an order fulfilment centre service with an option to pick and pack, you can arrange to sell merchandise directly for home consumption.
Different Types of Warehouse
Different Types of Warehouses
There are two types of customs bonded warehouse facilities in the UK that correspond to a specific bond for customs entry:
Wet Bonded Warehouse
Mainly hold alcohol & tobacco products (not provided by TSP)
Dry Bonded Warehouse
Holds all other types of products
What Are The Benefits Of A Customs Bonded Warehouse?
Payment of Customs Duties in the UK
UK’s Customs Charges, Customs Valuation & Warehouse Fees
Costs for importing goods into the UK will depend on what it is that you’re importing; therefore, costs can vary. More information, including customs law in a special economic zone, can be found on HMRC website.
The following list outlines some of the UK customs duties and taxes, as well as import costs to keep in min
Customs Bonded Warehouse FAQ
Customs Bonded FAQ