Customs Bonded Warehouse

The Storage Place is one of the very few independent storage companies in the North East of England with a dry bonded warehouse license, approved by HM Revenue and Customs.

Customs Bonded Warehousing

What we offer

A customs bonded warehouse is a secure space which allows you to store goods imported from outside of the UK before they reach their final destination. Importing and exporting from foreign trade zones can become costly, so bonded warehousing is an advantageous way to manage the expenses – for example import duty that allows to defer VAT charges until the goods are sold (i.e. withdrawn for consumption) or removed from the bonded warehouse.

HMRC regulates all UK Customs Bonded Warehouses with strict import and export rules and regulations, which are regularly checked to ensure they are conforming with foreign trade zones. A bonded warehouse storage facility where imported merchandise can be processed and sold must be approved by HMRC (import and export) to allow for customs entry. By working with The Storage Place, you can use our bonded warehouse and improve your cash flow.

Improve cash flow

With a customs bonded warehouse, import duty and VAT charges can be deferred until your products are sold or leave the warehouse. This can considerably improve cash flow as no initial payment is required, and duties and taxes can be paid once the goods have been pick and pack for home consumption or left the warehouse.

Save costs

Fluctuating demand may mean that goods sell slowly, therefor with bonded storage the payment of duty can follow the demand and sales pattern. If goods are re-exported for international trade, the customs clearance will not be payable in the UK, but instead, it will be paid in the country of destination, avoiding double payment of duty.

Supply on demand

You can use customs bonded specific warehousing and distribution centres to work on importing merchandise well in advance of any seasonal sales peaks, so they are available for customer demand and can be immediately withdrawn for consumption. Meaning you can supply and sell merchandise based on customer demand and at the same time, improve your customer service.

Help with customs control

Bonded warehouses can often help with the necessary customs and tax documentation, customs valuation, approving a certificate of origin or provide necessary knowledge on global shipping and customs law. Try to look for a customs bonded facility where imported merchandise can be processed, pick and pack, and shipped for home consumption.

Customer Service Management

What we offer

Customs Bonded Warehousing

What we offer

A customs bonded warehouse is a secure space which allows you to store goods imported from outside of the UK before they reach their final destination. Importing and exporting from foreign trade zones can become costly, so bonded warehousing is an advantageous way to manage the expenses – for example import duty that allows to defer VAT charges until the goods are sold (i.e. withdrawn for consumption) or removed from the bonded warehouse.

HMRC regulates all UK Customs Bonded Warehouses with strict import and export rules and regulations, which are regularly checked to ensure they are conforming with foreign trade zones. A bonded warehouse storage facility where imported merchandise can be processed and sold must be approved by HMRC (import and export) to allow for customs entry. By working with The Storage Place, you can use our bonded warehouse and improve your cash flow.

Improve cash flow

With a customs bonded warehouse, import duty and VAT charges can be deferred until your products are sold or leave the warehouse. This can considerably improve cash flow as no initial payment is required, and duties and taxes can be paid once the goods have been pick and pack for home consumption or left the warehouse.

Save costs

Fluctuating demand may mean that goods sell slowly, therefor with bonded storage the payment of duty can follow the demand and sales pattern. If goods are re-exported for international trade, the customs clearance will not be payable in the UK, but instead, it will be paid in the country of destination, avoiding double payment of duty.

Supply on demand

You can use customs bonded specific warehousing and distribution centres to work on importing merchandise well in advance of any seasonal sales peaks, so they are available for customer demand and can be immediately withdrawn for consumption. Meaning you can supply and sell merchandise based on customer demand and at the same time, improve your customer service.

Help with customs control

Bonded warehouses can often help with the necessary customs and tax documentation, customs valuation, approving a certificate of origin or provide necessary knowledge on global shipping and customs law. Try to look for a customs bonded facility where imported merchandise can be processed, pick and pack, and shipped for home consumption.

Why are customs bonded warehouses used?

Businesses may use customs bonded specific warehouses to store their imported goods if they’re unsure of their final destination or as temporary storage if they plan to re-export goods outside the UK. If you’re waiting for full UK customs clearance and duty payment, you can use a bonded warehouse as a warehouse facility. If the bonded storage offers an order fulfilment centre service with an option to pick and pack, you can arrange to sell merchandise directly for home consumption.

Different types of warehouse

There are two types of customs bonded warehouse facilities in the UK that correspond to a specific bond for customs entry:

Wet Bonded Warehouse

Mainly hold alcohol & tobacco products (not provided by TSP)

Dry Bonded Warehouse

Holds all other types of products

Payment of Customs Duties in the UK

UK’s Customs Charges, Customs Valuation & Warehouse Fees

Costs for importing goods into the UK will depend on what it is that you’re importing; therefore, costs can vary. More information, including customs law in a special economic zone, can be found on HMRC website.

The following list outlines some of the UK customs duties and taxes, as well as import costs to keep in min

Customs Bonded Warehousing FAQs

The stuff you should know

FAQs

The stuff you should know

Our customs bonded warehouse, approved by HM Revenue & Customs, enables us to store goods imported from outside of the UK whilst deferring the charges of Duty and VAT until the goods have been shipped from our facility, improving your cash flow by up to 25%.

To be eligible for customs bonded warehousing, your goods must be imported from foreign customs territory (outside of the European Union (EU)), remain under customs control and be liable to customs duties and/or import VAT.

The Storage Place operates a dry-bonded facility, fully approved and audited by HM Revenue & Customs.

Monitor all of your imported goods anytime, anywhere, using our cloud-based warehouse management system while our team of expert staff oversee the movements for you.

Our other services

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Order Fulfilment
What we do
Integration

Our other services

You may also need

Order Fulfilment
What we do
Integration