A bonded goods area is tightly regulated by Customs, but is of huge benefit in that your business doesn’t have to pay duty or VAT on your goods until they are sold. So, while products are in your bonded warehouse, they effectively exist in a duty-free zone.
By using our bonded warehouse software, Gaina can help your drinks business to:
- Ensure reporting compliance that is free from errors with our automated reporting feature.
- Open up cash flow by lowering your purchasing cost for goods that will exist in bond.
- Create an additional revenue channel by hosting multiple tenants in your bonded warehouse.
Like many of our clients, Gaina Software is a member of the Bonded Warehouse Keepers Association, meaning that we are able to give expert advice on not only developments pertaining to HMRC and EMCS, but we can offer you a valuable insight into warehousing forecasts and trends.
Our bonded warehouse software is used by drinks businesses, wholesalers and FMCG companies across the UK and Republic of Ireland, delivering lower costs, saved reporting time and customs compliance.
Many of our customers have created an additional revenue generator by leasing and renting warehouse space to partners and even to competition. You could too!