A Customs Warehouse and IPR offering that allows you to transact a sale of an asset into and out of the ecube St Athan - UK facility with minimal administrative burden.
Suspended Tax Regimes
Aircraft originating from non-UK operators can be ferry flown into ecube St Athan - UK and imported under a suspended tax regime known as Customs Warehouse. Customs Warehouse is an authorisation from the government tax authority, allowing suspension of VAT and duty for non-UK goods for an unlimited amount of time.
Deferred Tax Liabilities
The deferred tax liabilities can be discharged during the throughput period in one of four ways, by a customs declaration which:
Declares the assets to ‘Home Use’ (UK free circulation) by payment of the VAT and duty.
Transfers the assets from our customs authorisation to another party which also holds an appropriate customs authorisation.
We can transfer from IPR or Customs Warehouse to similar regimes held by another company.
Declares the assets to the Airworthiness Certificate Scheme, which requires a serviceable tag for each applicable component
The customs declaration refers to the Form 1 / 8130-3 certificate number for each item.
The regulations allows such a declaration to made using the incoming certificate from the last flight of the aircraft, as long as it was a registered aircraft with a valid C of A.
Re-exports the assets to a location outside of the UK.
The export instruction must be directly from ecube
Customers have utilised ecube's customs warehouse service to transact the sale of assets at ecube St Athan - UK facility to avoid otherwise applicable sales VAT.