When you pay duty on stock, that money is gone before the stock has sold.
Wednesday 3 February, 12:00 to 12:30 GMT. Can't make it live? Register anyway and we'll send you the recording.
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You have paid a tax on goods sitting in a warehouse, and you do not get it back until customers start buying.
Duty suspension lets you delay that payment until the goods actually leave the warehouse. Most retailers have heard of it but far fewer have worked out what it would be worth to them, because it gets treated as a compliance question of ‘are we allowed to do this?’, rather than a money question.
On a big seasonal order sitting in a warehouse for four months, the difference is not small.
This session starts with the numbers and gets to the rules second. What delaying duty is actually worth, what you need to be able to show about your stock, and why “our warehouse system can't do that” usually turns out not to be the problem.
What delaying duty is worth in cash, worked through on a realistic seasonal order
Which goods qualify for duty suspension, and which quietly do not
What HMRC expects you to be able to show about bonded stock, and where retailers get caught out
Why tracking duty at item level does not mean replacing your warehouse system
What has to be in place, and in what order, before the first consignment goes in under bond.
For finance directors, heads of logistics and inventory managers in UK retail who buy stock months ahead of selling it.
Descartes' Customs and Bonded Warehousing software helps UK businesses suspend duty and import VAT on goods held under bond, keep the stock records HMRC expects, and connect to the systems they already run.
Wednesday 3 February 2027, 12:00 GMT. Thirty minutes, free to attend, and the six month plan to take away.
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