UK Subsidiary – Restructuring of Supplier Contracts
Supply Chain Restructure Saves £400K PA
A UK subsidiary of a Far East company, 'C' purchases all stock etc. from its parent company but this includes many services which if supplied separately would not attract duty, an example being 'buying' commission.
We are working with the company to restructure its supplier chain and estimate actual duty savings of £400K per annum (based on 12.2% duty being removed from non-dutiable items) once this has been done.
If you operate a subsidiary business and are looking to increase duty savings, The Customs People can help. Contact us by calling 0161 826 8926, or fill out a contact form and we will get back to you.