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If you import stock from outside the UK, you might be able to recover overpaid duties. However, timescale limitations mean that you’ll only have until January 2024 to reclaim Brexit-related overpayments.
How Members benefit
As well as recovering any previous overpayments, you may want to ensure any future overpayments are also addressed. This is where the Duty Management Tool can help.
Bira has partnered with Falsum to provide members who import some or all of their stock with a solution to review and recover overpaid duties.
Bira members will receive a discount on the Duty Management Tool. Find out more below.
Are you eligible? Take the 30 second quiz
This simple quiz is your first step in identifying if you have overpaid customs duties in the UK & NI.
Once you have taken the quiz and assuming you have overpaid, you can go ahead and take the first step in reclaiming your overpaid duty tariffs.
If your business has been identified as potentially being overcharged, you will be invited to book a free 30-minute consultation with Falsum to discuss your options further.
The coupon code is below:
Already a member?
LoginWhat is the Duty Management Tool (DTM)
The Duty Management Tool (DMT) from Falsum Labs is a purpose-designed online platform designed to quickly identify overpaid Border Taxes and process reclaims in a unified, streamlined process.
The tool presents unique insights into a Trader’s Border Tax exposure, displaying:
- Overpaid Customs Duty & Import VAT
- Unclaimed Preferential-Tariff Rates
- Free-Trade Agreement (FTA) Utilisation
- Additional costs of 3rd-Party Duty Deferment schemes.
Through the DMT, overpayments are identified and automatically handed over to our ‘Duty Management Portal‘. Within the Portal, Traders will be able to upload evidence to support individual Duty Reclaims, with the support of dedicated Falsum Labs experts.
Falsum Labs will provide all HMRC Reclaim correspondence and manage the HMRC triage process until all Duty overpayments are returned to the Trader’s bank.
Pricing for the Duty Management Tool
Falsum is offering a 100% discount to Bira members on the DMT service fees, meaning you’ll only need to pay for your HMRC Data expenses at checkout, which will save you £900.
The fees for the DTM are as follows (figures based on 12 months of data (e.g. Jan21-Dec21):
- Standard price: 12mo * £75.00 + £20.00 = £1,140.00 excl. VAT
- BIRA member price: 12mo * £00.00 + £20.00 = £240.00 excl. VAT
The coupon members with access to the analytics services for 100% discount on advisory fees.Please login to your Bira membership fee to see the coupon code below: