Third party logistics provider, Prism eLogistics, has been granted Warehouse Excise Authorisation for Duty Suspense Services by HMRC, an achievement that puts the company in prime position to support the fulfilment and contract packing requirements of the UK’s thriving alcoholic drinks sector.
This authorisation allows Prism to operate a Duty Suspense Account, enabling the company to receive, store, and process excise goods, including alcohol, without the immediate payment of duty. It’s a strategic capability that offers brands and importers greater flexibility, improved cash flow and more control over how and when products reach the market.
“This is a big win for our clients,” said Ian Wright, Managing Director at Prism eLogistics. “Duty suspense gives brands breathing room. They can hold stock without tying up capital in duty payments and still take advantage of our full suite of services. Whether it’s shrink sleeving, eCommerce fulfilment or contract packing, we can do it all while the goods remain under suspense. It’s about making logistics work smarter.”
Securing this authorisation is no small feat. The process involved a lengthy and rigorous application process with HMRC, covering everything from warehouse security and software integration to process mapping and due diligence – including the ability to detect and prevent duty fraud. Prism’s successful completion of the audit reflects its commitment to compliance, operational excellence and industry best practice.
Already an approved business under the Fulfilment House Due Diligence Scheme (FHDDS), Prism can also receive goods from non-UK businesses and provide compliant B2B and D2C fulfilment services across the UK.
“The benefits go beyond our warehouse,” Ian added. “For our clients, it’s about unlocking cash flow and staying agile. For consumers, it means quicker access to a wide range of beverages with more variety and often better pricing. We’re proud to offer a solution that supports the entire supply chain and take the stress away from our clients.”
The accreditation continues Prism eLogistics recent investment in its new 30,000 sq.ft premises and facilities. Over £450,000 has been invested in manufacturing capabilities and digitalisation to drive growth across a range of canned and bottled items. Now, with the ability to handle alcohol under its new authorisation the business is ‘raising a toast’ to its full-bodied, future-ready service to drinks brands, importers, and fulfilment clients alike.
For further information on Prism’s duty suspense and excise goods handling, visit: https://www.prismelogistics.co.uk/
