Introduction to IPR

Overview
Inward Processing Relief (IPR) is a method of obtaining relief from Customs duties and VAT charges. The relief applies to goods imported from outside the EU, processed and exported to countries outside the EU. IPR provides relief to promote exports from the EU and assist EU companies to compete on an equal footing in the world market.

Participants will learn

· Who are Revenue & Customs?

· The Law

· Requirements for a IPR Authorisation

· Basic Principles of IPR

· Specific Principles of IPR

· Abbreviations & Terminology

· Qualifying Platforms/Workpoints

· Application & Authorisation

· Operations (Receipts/Disposals)

· Completion of IPR

· Evidence of completion of IPR (Proof of Export)

· Diversion to Home Use

The course is aimed at
Anyone involved in the import or export of goods; who needs to be aware of their obligation and exposure to taxes.