Import duties and value-added tax (VAT) are charges applied to goods entering a country, often significantly increasing the cost of imported materials. For biotechnology and pharmaceutical drug developers, these costs can quickly add up, particularly for high-value materials crossing borders.
Thermo Fisher Scientific’s UK customs warehouse provides customers a way to suspend or defer import duties and VAT on materials, therefore reducing overall import and export costs and ensuring more efficient and effective operations.
Download this infographic to explore how our customs warehouse in Horsham, UK, supports global clinical supply chains through experience, cost savings, and optimized cash flow.