Duty Deferment Bonds, Custom Bonds and Premises & Movement Bonds are specifically relevant to HMRC, permitting delayed payment of duty or VAT, on goods imported to the UK from outside the EU.
They are used to provide your business with a cash flow advantage, giving you an opportunity to sell the goods and recoup some costs, at the same time delaying tax liabilities by up to 45 days. They can be used as an alternative to tying up bank facilities or using business cash.
Do you import goods from outside the EU? Do you want to defer tax payments and support your cash flow? Call The Channel Partnership today on 01275 817320 to discuss your surety bond needs.