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Europa adds dry bond status

[ December 4, 2023   //   ]

Europa Group has achieved full Customs Warehouse Authorisation from HMRC, allowing it to store general goods that are subject to customs and VAT, in addition to its existing wet bond accreditations. It allows customers to import goods and hold them in the warehouse without having to outlay duty and VAT until they are sold in the UK. Traders can accurately anticipate supply and demand, while only paying necessary duties on items that leave the warehouse, typically after they have been sold.

Europa Warehouse has operated Wet Bonds at each of its sites for some time, allowing importers or sellers of alcohol to delay payment of excise duties until items are picked for sale and dispatch. Europa operates warehouses in Dartford, Birmingham and Corby, offer over one million sq. ft combined of dedicated warehouse and logistics space.

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