Import Temporary Movements
Inward Processing (IP)
Inward Processing allows for the importation of goods into the UK for processing or alterations, with the intention of re-exporting them once modifications are completed. There are two types of Inward Processing:
- Full IP: This requires prior authorisation from HMRC to import goods, process or alter them, and then re-export. A guarantee is needed at the time of application, but it allows for the suspension of import duties and VAT at the time of importation.
- Authorisation by Declaration: This method does not require
prior approval. Import duties and VAT are taken as security at the time of importation and are released or refunded upon re-exportation. You cannot claim preference on goods using this regime, and usage is limited to three times per year with goods not exceeding £500,000 in total value.
For more information on Inward Processing, explore these resources:
Temporary Admission (TA)
Temporary Admission is applicable when goods are imported into the UK without the intention of undergoing any modifications (i.e., the goods cannot be modified, processed, or altered). There are six types of Temporary Admission, but only two are commonly used:
- Full Authorisation: This method requires prior approval from HMRC, which may necessitate a guarantee to cover potential import duties and VAT. It is advised to apply at least one month before you intend to import the goods.
- Authorisation by Declaration: Similar to the above, but no prior approval is needed. Import duties and VAT may be required as security at the time of importation. Unlike IP, there is no limit on the number of times this procedure can be used.
Further details on Temporary Admission can be found through these links:
Additionally, ATA Carnets can be utilized for temporarily bringing goods into the UK, with the ATA Carnet needing to be raised in the country of export.