Defer Duty, Not Progress
- Arne Mielken
- 4 days ago
- 6 min read
Discover how a duty deferment account can boost your cash flow, speed up clearance, and streamline your import operations.
When we talk about Customs compliance and the day-to-day reality of importing into the EU, UK,, few tools are as practically beneficial—and underutilised—as the duty deferment account. As a Customs Consultant, I’m often asked how importers can minimise friction at the border and manage cash flow effectively. One of my first answers? Set up a duty deferment account.
Top tip 1: You can break down a paywall by becoming a Premium plan subscriber.
Top Tip 2: For personalized updates and advice on how these changes could affect your business, sign up for email alerts at www.customsmanager.info.
Key Questions Covered in This Blog
What is a duty deferment account and how does it work?
What are the benefits of setting one up for your import operations?
What duties and taxes can be deferred?
Who is eligible to apply and what are the criteria?
Do you need a financial guarantee?
What happens if deferment is refused?
"Setting up a deferment account isn’t just an administrative task—it’s a strategic decision to empower your trade operations."Arne Mielken, Managing Director, Customs Manager
Abbreviations Used In This Blog
VAT – Value Added Tax
HMRC – His Majesty’s Revenue & Customs (UK)
EU – European Union
UK – United Kingdom
CDD – Customs Duty Deferment
Fancy a Call?📞 Book a free expert consultation on setting up your duty deferment account: www.customsmanager.org –> Book Expert Call Get Weekly Game-Changing Updates with Customs & Trade WatchStay ahead of the curve with the latest in Customs compliance, Import regulations, and Export controls from the EU, UK and USA. Sign up for our tailored updates at www.customsmanager.info. |
What is a duty deferment account and how does it work?
Want to read more?
Subscribe to customsmanager.info to keep reading this exclusive post.