Yes, you can. You can claim relief from customs duty and VAT if you will be importing goods in the UK.

Capital goods

So what are capital goods? Capital goods are part of your business operations. These goods are used by your business to produce other goods that are up for sale. Capital goods are in your disposal, and they can’t be sold to your customers.

If your business overseas is planned to be transferred to the UK, your capital goods should be shipped to the UK. If you’re not familiar about paying less customs duty and VAT, you might be paying more than necessary.

How can I be eligible for paying less in customs duty and VAT?

There are certain eligibility requirements to have before having these perks. There are do’s and don’ts too in filing your claim.

You are eligible for paying less customs duty and VAT if you are transferring a business to the UK that:

Has no operations whatsoever outside the EU;
Has new operations being carried out within the EU or UK of the same industry or nature;
Is a Limited Company, a non-profit organization, or belongs to a self-employed person;
Is starting to set up new operations in collaboration with third-party entities, and some businesses inside the EU;
Is branded under the banner of “liberal profession.” A liberal profession refers to a list of professions that are under the governing body of the state. These are specialists in certain professional fields. Examples of liberal professions are:
Lawyers
Engineers
Architects
Doctors
Dentists
Accountants
What are my perks if I’m eligible?

If you are eligible, you’ll be relieved on capital goods and equipment you use for your business, including the following assets:

Transportation required for transferring your capital goods;
Livestock;
Tools used for the business, pieces of machinery, and office equipment;
Technological tools such as computers.
What are off-limits?

VAT and Customs Duty relief does not cover the following:

Means of transportation of the things not used in your business;
Any type of goods for human and animal consumption;
Raw materials, semi-finished products, horticultural products for sale like seeds, plants, shrubs, and fuel;
Livestock owned by a dealer and not the business itself.
Eligibility for Customs Duty relief

In accessing the perks of customs duty relief, eligible capital goods must:

Be owned and used by the business for at least 12 months before transferring to the UK;
Be used as the same function they offer before transferring to the UK;
Be reasonable and relative to the size and nature of your business;
Be imported from where they were previously within one year your business stopped operating.
The three and four requirements are flexible depending on extenuating circumstances. For example, if the country your business previously had a political upheaval that resulted in a stoppage of your operations, the customs could waive three and four for you.

If you believe number three and four seems impossible in your end, contact the National Imports Relief Unit.

VAT relief in importing capital goods in the UK

To be eligible for VAT relief, your business must:

Be involved in the production of taxable supplies;
Have or expecting to have a turnover of taxable which according to the “Accountancy.co,” “exceeds the UK requirements for VAT registration, or will exceed it within the next 30 days. The current threshold is £85,000;”
Register for VAT.
Records you must keep

Evidence of ownership;
All National Imports Relief Unit acknowledgement letters;
Receipts;
Bills;
Invoices;
Insurance documents’
Evidence of when, where, and how the capital goods were used and disposed of.
You’ll need additional records in case:

You are transferring your capital goods to another eligible entity: Keep any documentation detailing the transfer;
Re-exporting capital goods: Keep the New Export System declaration details and any documentation on export;
Your capital goods were stolen, mutilated, or lost: You’ll need police reports, insurance incident reports, or any official documentation that details the incident.

Student loan borrowers have grown in the last few years. At the last count, there were millions of Americans with private student loans. There’s little to no relief in sight for many of them, though. While the U.S. Department of Education has already said that people with federally held student loans don’t need to resume payments until next year—2021—that still means the bills are still coming in.

The private student loan market is at $130 billion today, with a growth of more than 70 percent in the last decade. If you’re one of them and you’re looking for the best way on how to get out of student loan debt here are five ways to help you:

Look for Help
For some, paying the debt isn’t just the issue. Finding your way around the complex student loan repayment system is the problem and one that could lead to a lot of headaches and stress. One way to make things easier for you is to go and get help. Look for professional assistance. Find a firm that can help you get in touch with consumer protection lawyers. With financial experts to help you understand your debt situation, you’ll know the best options you have before you move forward towards a resolution.

Are you tired of being denied loans and credit cards because of a low credit score? A credit repair specialist can help. But what exactly does a credit repair specialist do?

A credit repair specialist is a professional who helps individuals and businesses improve their credit scores by removing negative and inaccurate information from their credit reports. They work with credit bureaus, lenders, and creditors to dispute and resolve errors on credit reports.

Here are some of the key responsibilities of a credit repair specialist:

Assessing Credit Reports: A credit repair specialist will review your credit report to identify any errors or negative items that are dragging down your score. This includes late payments, collections, charge-offs, bankruptcies, and more.
Dispute Process: Once negative items have been identified, the credit repair specialist will dispute them with the credit bureaus. They will gather supporting documentation and build a case for why the information is incorrect. The credit bureaus then have 30 days to investigate the dispute.
Negotiating with Creditors: In some cases, a credit repair specialist may be able to negotiate with your creditors to have negative items removed from your credit report. This can be especially effective for individuals who have been victims of identity theft or have errors on their credit reports.
Advising Clients on Credit Management: A credit repair specialist will also provide clients with advice on how to manage their credit. This may include developing a budget, paying off debt, and improving payment history.
Keeping Track of Progress: The credit repair specialist will monitor the progress of their client’s credit repair and make any necessary changes to their approach. They will keep their clients informed of any updates and make sure that the dispute process is moving along smoothly.
Becoming a Credit Repair Specialist

If you’re interested in helping people improve their credit and are passionate about finance, becoming a credit repair specialist may be a great career choice for you. Here’s how to get started:

Education: Although there is no specific education requirement on how to become a credit repair specialist, a background in finance, business, or law can be helpful. Many credit repair specialists have a bachelor’s degree in these areas.
Training: In order to become a credit repair specialist, you will need to complete some form of training or certification program. This will teach you the fundamentals of credit repair, the laws and regulations that govern the industry, and how to assess and dispute credit reports.
Certification: To become a certified credit repair specialist, you will need to pass an exam. This will demonstrate to clients that you have the knowledge and expertise necessary to provide high-quality credit repair services.
Experience: Building experience is key to becoming a successful credit repair specialist. You can gain experience by working for a credit repair company, or by starting your own credit repair business.
Networking: Building relationships with credit bureaus, lenders, and creditors can be helpful for credit repair specialists. Networking can help you establish yourself as a knowledgeable and reliable professional in the industry.
Benefits of Working as a Credit Repair Specialist

Helping Others: One of the most rewarding aspects of working as a credit repair specialist is the ability to help others improve their financial situation. You can make a real difference in people’s lives by helping them in securing a better future for them.
Flexibility: Many credit repair specialists work as independent contractors, which provides a great deal of flexibility. You can set your own schedule, choose which clients you work with, and determine your own rates.
Growth Potential: As the economy continues to improve, the demand for credit repair services is likely to increase. This means that there will be plenty of opportunities for growth and advancement in this field, both for individuals working for credit repair companies and for those starting their own businesses.
Personal Satisfaction: When you see the results of your work, it can be incredibly satisfying. Knowing that you helped someone achieve their financial goals is a great feeling.
Rewarding Career Path: Credit repair specialists can have a stable career, especially if they have a large client base and a good reputation in the industry. The more clients you work with, the more secure and better the future you will have.

In conclusion, a credit repair specialist is a professional who helps individuals and businesses improve their credit scores by removing negative and inaccurate information from their credit reports. Becoming a credit repair specialist requires education, training, certification, experience, and networking. Working as a credit repair specialist offers many benefits, including the ability to help others, flexibility, growth potential, personal satisfaction, and continuous learning. If you’re passionate about finance and helping others, becoming a credit repair specialist may be the perfect career choice for you.

Brian Swain’s PlastiWin Rorational Casting Machines
Source: Brian Swain, Plastiwin
Evaluating Specifications & Features of Machines
The type of mold it uses to create a part can categorize a rotational casting machine. There are two main types: ferry-type machines and rotary kilns. Ferry-type machines use molds with ashaped pouring lip, while rotary kilns use molds with no pouring lip.

Rotational casting machines come in all shapes and sizes, from small benchtop models to large industrial machines. The different features and specifications of these machines can be quite bewildering for anyone looking to buy one. In this article, we will discuss some of the most important factors to consider when purchasing a rotational casting machine.

First and foremost, you need to decide which type of mold you want to use your machine with: ferry-type machines use molds with ashaped pouring lip, while rotary kilns use molds with no pouring lip.

Rotary casting uses a rotating mold to create the part, while pressure casting uses a mold that is placed under high pressure and then released.

Then, you need to decide what size machine you need: small benchtop models are perfect for small batches, while large industrial machines are best suited for larger production runs.

After that, you need to decide on the features you require: some machines come with built-in vacuum systems, while others require separate vacuum pumps.

Finally, you need to decide on the price: all of the features listed above come at a price, so be sure to compare prices before making a purchase.

Considerations for Purchasing Rotation Casting Machines
RR machines are used to produce high-quality parts from large, expensive molds. They rely on a rotating die — which can either be manually or robot driven – to change the shape of the part being cast by depositing metal over and over again on the same mold cavity.

Rotocasting is a less time-consuming process than RR, with minimal investment in equipment, but it offers lower quality parts due to its reliance on digital models of the part being cast. In contrast, subtractive methods such as sand casting use physical molds made from a solid piece of material that’s been carved out – which gives you more control over the final product but takes longer to create and results in lower quality parts.

There are three main types of rotational casting machines: manual, semi-automatic, and automatic. Manual machines require the operator to change the die setting each time a part is cast, while semi-automatic and automatic machines allow the die to remain set and the machine will automatically rotate it. The different types of rotational casting machines have different capabilities and should be chosen based on the specific needs of the project.

Manual rotational casting machines are the cheapest option and are best suited for small projects that don’t require high quality parts. They are limited in terms of die size and number of parts that can be cast at once, and require a lot of operator input. Semi-automatic rotational casting machines are better suited for larger projects that need a high level of accuracy but don’t require a lot of parts. They are faster than manual machines and can produce more parts at once, but the die is still manually adjustable and the quality of the parts isn’t as good. Automatic rotational casting machines are the highest quality option and are best suited for large, complex projects that require high levels of accuracy and precision. They are the most expensive option but also have the fastest production rates.

By purchasing a rotational casting machine from Plastiwin, Brian Swain there are two main considerations: die size and number of parts that can be cast at once. Die size refers to the minimum area of metal that can be deposited on the die surface each time it’s rotated, while number of parts per hour (PPH) refers to the maximum number of parts that can be cast per hour. Die size is more important than PPH when it comes to manual machines, as the smaller the die, the more times it can rotate before it needs to be replaced. As the higher the PPH, the more parts can be cast in a given amount of time.

Another consideration is die size and number of parts that can be cast at once. Die size refers to the minimum area of metal that can be deposited on the die surface each time it’s rotated, while number of parts per hour (PPH) refers to the maximum number of parts that can be cast per hour. Die size is more important than PPH when it comes to manual machines, as the smaller the die, the more times it can rotate before it needs to be replaced. As the higher the PPH, the more parts can be cast in a given amount of time.

Another consideration is die size and number of parts that can be cast at once. Die size refers to the minimum area of metal that can be deposited on the die surface each time it’s rotated, while number of parts per hour (PPH) refers to the maximum number of parts that can be cast per hour. Die size is more important than PPH when it comes to manual machines, as the smaller the die, the more times it can rotate before it needs to be replaced. As the higher the PPH, the more parts can be cast in a given amount of time.

How to use a rotational casting machine?
When you want to use a rotational casting machine, it is important to understand how it works. First, you will need to put the object you are casting into the machine. Then, you will need to set the speed of the machine. Lastly, you need to set the molding type and size. Once these settings have been made, your object will be cast on the rotating drum.

What are the different types of materials that can be cast using a rotational casting machine?
A rotational casting machine can cast a few different materials. These materials include metals, plastics, and composites. The main difference between these materials is how they are formed. Typically heating them until they reach their molten state. Combining various chemicals and heat typically forms Plastics. Composites are typically a combination of two or more materials.

The main advantage of using a rotational casting machine is that it is able to produce very detailed parts. This is because the machine can create parts that are exactly the same size and shape. Another advantage of using a rotational casting machine is that it is able to produce parts that are very thin. This is because the machine can create parts that are very thin layers.

For more information, contact Brian Swain, PlastiWin

What are the different types of applications for a rotational casting machine?
Rotational casting machines can be used in a variety of different industries. They are primarily used for the production of small items, such as castings and parts for automobiles, medical devices and appliances, toys, sporting goods and more.

Some common applications for rotational casting machines include the following:

Toy production: Toy manufacturers use rotational casting machines to produce small quantities of high-quality plastic toys quickly and easily.
Parts manufacturing: Parts producers use rotational casting machines to create components for cars, airplanes, medical devices and more.
Automotive industry: The automotive industry relies heavily on rotational casting to produce parts for vehicles like SUVs and trucks.
Engineering plastics: Engineers use rotational casting machines to create complex engineering plastics that are essential in the production of many products today.
Rotational casting machines are a great way to create high-quality and durable parts quickly and cost-effectively. They have many applications across many industries, such as automotive, medical, aerospace and more. To find the right rotational casting machine for your needs, consider factors such as size, capacity and materials you will be using. Different types of rotational casting machines come with different features that determine what type of products can be produced or how much time it takes to complete a project. Understanding these details can help you make the best choice when purchasing a rotational casting machine for your project needs.

Professional accountants offer a wide range of services that can help businesses of all sizes and industries to manage their finances more effectively. Whether you are just starting out or looking to grow your business, a professional accountant can offer valuable support and guidance to help you make informed financial decisions.

Professional accountants offer a wide range of services, from basic bookkeeping and tax preparation to more complex services such as tax planning and business consulting. They can help business owners to manage their finances, identify cost savings opportunities, and ensure that all taxes are paid accurately and on time.

One of the most significant advantages of hiring a professional accountant is better financial management. Accountants have the knowledge and expertise to help you understand your financial position, identify cost savings opportunities, and ensure that all taxes are paid accurately and on time. By providing detailed financial reports and analysis, they can help you to make informed decisions about how to allocate resources, manage cash flow, and optimize profits.

In addition to basic bookkeeping and tax preparation, professional accountants can also provide more complex services such as tax planning and business consulting. Tax planning involves developing strategies to minimize your tax liability and ensure compliance with relevant laws and regulations. Business consulting involves working closely with you to identify areas of opportunity and growth, develop long-term financial plans, and navigate complex financial situations.

Another benefit of hiring an accountant is increased efficiency. Accountants are experienced and knowledgeable in their field and can help you to streamline your accounting processes and ensure that all financial matters are handled correctly and efficiently. This can save time and resources, allowing you to focus on other important aspects of your operations.

For example, an accountant can help you to automate routine tasks such as data entry and payroll processing, reducing the risk of errors and freeing up valuable time for other tasks. They can also provide guidance on how to use accounting software and other tools to improve efficiency and accuracy.

Professional accountants can also help you to identify potential areas of financial risk and develop strategies to mitigate these risks. This can include conducting internal audits to identify areas of weakness, developing policies and procedures to prevent fraud and embezzlement, and implementing controls to ensure compliance with regulatory requirements.

By addressing these issues proactively, you can reduce the risk of financial losses and reputational damage, and improve overall financial performance. In addition, by demonstrating your commitment to strong financial management practices, you can build trust and confidence with investors, lenders, and other stakeholders.

Of course, one of the most important benefits of hiring an accountant is the peace of mind that comes from knowing that your financial matters are in the hands of an experienced and knowledgeable professional. By working closely with you to understand your business and your financial goals, an accountant can provide tailored advice and support to help you achieve success.

All in all, it makes financial sense to hire an accountant rather than struggle with the complexities just to save money.

The Offshore Development Centre model
An Offshore Development Centre (ODC) can serve as the nerve centre of a company’s product development. By providing seamless collaboration across all departments, ODCs can accelerate innovation, and bring new solutions to life. The Scalers offer access to a pool of highly talented engineers, data scientists, and business analysts to join a company’s dedicated team of developers.

Having a captive ODC can also provide cost savings for organisations. By building a team in a location like Bangalore, where the cost of living and salaries are lower than in Western countries, companies can access a pool of highly skilled professionals while reducing operational costs. Additionally, companies can easily manage their offshore team and maintain control over the development process while benefiting from the expertise and talent of local engineers and specialists.

Benefits of building an ODC in Bangalore
Bangalore is known as Asia’s Silicon Valley and home to numerous prominent tech firms, including Google, Amazon, and Microsoft. Building an ODC in Bangalore means being in the company of other global tech giants, and The Scalers offer high-spec workspace, onboarding processes, and a pool of talented engineers to ensure rapid scalability, total alignment with HQ, and reduced time to market.

Bangalore has a thriving startup culture, making it an ideal location for companies looking to innovate and grow. The city has a diverse talent pool, with engineers and other professionals from all over India and beyond. Alongside the tech giants that call Bangalore home, there is a vibrant ecosystem of startups, incubators, and accelerators that can help organisations thrive. With a high-quality workspace and a supportive local team, companies can focus on their core business while taking advantage of all the benefits of an offshore development center.

The Scalers’ approach to offshore development

The Scalers have a proven approach to offshore development that enables rapid team assembly and growth while maintaining control over the development process. They handle all the heavy lifting, from recruitment and onboarding to local setup, administration, and HR. With data-driven reports, organisations can scale without limits, meet delivery demands, and have a trusted long-term partner. The Scalers build enterprise-grade teams of over 100 engineers, 70% faster than at home.

The Scalers’ recruitment process is designed to find engineers who are not only highly skilled but also align with a company’s culture and values. They work closely with organisations to understand their requirements and then source, vet, and onboard engineers who are dedicated to the team and committed to delivering results. This creates a team that feels like an extension of the in-house staff, with the added benefit of working in a cost-effective offshore location.

Going to new heights with an offshore R&D centre
With the right offshore partner, your ODC can turn into a full-fledged offshore R&D centre, which can be a valuable asset if you’re looking to stay ahead of the curve and develop innovative solutions. And by having a team of elite engineers, data scientists, and other experts working together on new concepts, organisations can bring new products and services to market faster and more efficiently.

At The Scalers we help our partner recruit elite engineers, top-tier data scientists, business researchers, business analysts, and technical specialists that can work together on new concepts. And we achieve this through a proven recruitment process that ensure our partner’s developers have the required skills and cultural fit for their organisations.