Duty Deferment Bonds
How Do Duty Deferment Bonds Work?
A duty deferment or custom bond gives companies that import goods from outside the UK the flexibility to ease cash flow by deferring payment for a given period.
If you import goods from outside the UK then a Duty Deferment Bond or Custom Bond is what you are looking for. The duty and VAT are payable immediately to HM Customs & Excise when your goods arrive on import at the UK border.
Who Do They Cover?
These Bonds cover any company that imports good from outside the UK. SB&G are one of the leading providers of Duty Deferment and Custom Bonds and we are able to use our experience and partners to find a highly competitive quotation ensuring our clients receive the best possible terms at all times.
Key Features & Benefits:
- Payment of Duty & VAT deferred freeing up cash flow
- Policies are available on a 12-month ongoing facility basis or one off’s
- Does not tie up bank overdraft facilities
- Simple process and quick to implement
Many brokers simply do not understand the complexity of Bonds which is why we have a dedicated team of professionals who can help guide you through the process.
Call now to speak to one of our specialist Brokers on 02476 017646.