Derry Bros, the leading customs clearance specialist, has further enhanced its service offering in mainland Europe by taking advantage of EU customs procedure, Regime 42. The company will now be able to assist customers, initially in Belgium and France, with streamlining customs clearance and VAT management for imported goods from the UK.
“Regime 42 provides significant advantages for EU importers by simplifying the clearance of goods at key entry points from the UK, thereby enhancing import and transport operations,” explains Colin Robb, Head of Operations & Sales at Derry Bros. “By helping our customers to implement and coordinate this customs procedure into their businesses, they can significantly improve efficiency, reduce transit times and better manage cashflow.”
Regime 42 allows businesses to import goods into one EU member state and then transport them to another member state without paying import VAT at the point of entry. The scheme makes it possible to defer the payment of import VAT, which is then assigned to the purchaser in the destination member state at a 0% VAT rate. This alleviates financial pressures, facilitating a more seamless and economically viable import process.
“Since the goods are cleared at the EU frontier, there are no delays waiting for import VAT payments, ensuring that goods reach their destination faster, which improves customer satisfaction and operational efficiency. Additionally, Regime 42 eliminates the need for older customs procedures like the T1, providing more control over freight and reducing costs associated with trailer usage,” adds Robb.
Derry Bros has more than 60 years of experience in the freight and logistics industry, serving the UK, EU and beyond. With a comprehensive range of managed booking, customs and consultancy services, it is helping businesses to navigate some of the most complex challenges facing cross-border trade and transport. The company’s success and proven track record is underpinned by award-winning technology systems, developed in-house, including the all-in-one digital customs solution, Digicom.
