Which Factors to Consider When Choosing a Logistic Company in the UK?

 A warehouse is a custom built storage facility that holds goods, and if your business has grown to the point where it makes sense to store inventory off-site, then you should consider using a bonded warehouse in Birmingham. Larger-sized businesses who regularly import and export goods typically use bonded warehouses. The difference between a bonded and a regular warehouse is that with a bonded warehouse you can keep bonded goods in storage for a limited period of time before taxes and duties must then be made in full.



When importing expensive goods in the United Kingdom, you may wish to postpone paying the VAT and duties until your goods are actually sold. A quick Google search will bring up a list of bonded warehouses in Birmingham, with many being located at major UK ports.

 

One further reason why a business might choose bonded warehouse storage, is if their goods are first imported and then later re-exported. In such cases, charges such as VAT/duty may not be applicable with bonded storage.

 

Whilst goods are in bonded storage, a warehouse controller will provide you with a bond. In the UK, there are two types of bonded storage; humid bonds and dehydrated bonds. Prescription medications should be stored in a wet bonded warehouse for example, whilst most other goods are to be kept in a dry bonded warehouse.

 

Check with your supplier or distributor to find out which form of bonded customs warehousing you need for your goods, as some may only provide one of the two bonded options.

 

Now, let’s summarise the key benefits of using a customs bonded warehouse: 

 

1. Duty payments:

 

With a bonded warehouse VAT and duties can often be paid after you’ve sold your goods. You can store your goods in bonded warehouses for as long as the facility allows.

 

2. Taxes can be reduced:

 

With normal warehouse storage, distributors pay taxes and customs charges often before their goods have been purchased. With a bonded warehouse however, you can delay payment of such fees until you’ve actually received payment for your goods, thereby freeing up your cash flow. 

 

3.The issue of Security:

 

Bonded warehouses typically offer greater security measures than standard UK warehouses can offer. With surveillance cameras and security personnel on guard, bonded warehouses are a secure option for you to safely store high value goods. 

 

The bottom line is that bonded custom clearance storage facilities are a cost-effective, secure means for businesses across the world to store their goods prior to international shipping.

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