Event 3: Incoterms® - Customs Compliance Implications

Date: Tuesday 21st May 2024
Time: 11:00am - 12:00pm 

Is your business ready for a Customs Audit?

Whether you're a first-timer facing an audit or a seasoned compliance manager needing a refresher, our masterclass series will equip you with the knowledge and tools needed to navigate audits with confidence.

Event Description:

In this session of the Compliance Foundations series, participants will delve into the customs compliance implications of Incoterms. Incoterms affect more than contracts and purchasing; they can also impact import values and VAT rating for exports. Join our episode on Incoterms® implications for your business’ customs compliance.

Why Attend?

• Gain insight into the audit implications associated with Incoterms.

• Understand the requirements for declaring Incoterms in CDS.

• Learn about the implications of Incoterms on import values and VAT ratings.

• Understand the liability associated with different Incoterms at export and import.

Key Topics Covered:

• Audit Implications: Identifying common red flags related to Incoterms.

• Understand the requirements for declaring Incoterms in the Customs Declaration Service (CDS).

• Understand who is liable and the implications of different Incoterms on compliance and the ability to claim VAT zero-rating.

• Understand how Incoterms can impact import values for duty and VAT, and statistical value exports.

This event is tailored for: 

• Compliance Teams 

• Individuals in companies involved in importing and exporting activities 

• Buyers and Procurement Teams 

• Customs Agents and Customs Brokers 

• Anyone anticipating a customs audit 

Event Format: 

• Delivered live, online 

• Interactive session with opportunities for Q&A 

Cost:

£49 + VAT per attendee