Background
The excise duties sector can be categorised
into the following groups:
- Alcohol and alcoholic drinks;
- Tobacco Products;
- Hydrocarbon Oils.
Currently, the biggest issues for many excise companies are diversion
frauds and the cost of guarantees; and
the high rates of excise duty. Excise
companies are highly
regulated by HM Customs & Excise by
the use of: approval and registration of premises; marking
of products; prior notification; and securities and guarantees. For
example, retailers and suppliers developing international e-commerce
strategies involving wine and tobacco
face very complex cross-border issues.
How can we help?
Excise duty planning opportunities and
compliance issues can occur at various
stages in the supply chain and not just
at the time of production of the excisable
goods or when they leave the excise duty suspended
bonded regime. For example, we advise
manufacturers of cosmetics, chemicals,
pharmaceuticals, foodstuffs, soft drinks and others who use alcohol
in their production processes. As an
example, we have advised on
ways of receiving spirits free
of duty to manufacture medicines, and
on recovery of duty paid in the past
on such spirits.
We can help excise clients reduce compliance
costs and excise dutypayments by:
- Effective use
of deferment, drawback and bondedwarehousing;
- International cross-border
excise supply chaincost minimisation;
- Review of procedures;
- Negotiation with
the HM Customs & Excise including
settling disputes, assessments,
penalties and appeals;
- Fraud recognition and risk management
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