Duty Deferment Account (DDA): how we support Stella McCartney's logistics efficiency
Managing the logistics and customs operations of a global brand poses complex challenges, especially when it comes to regulations and customs costs.
For luxury brands like Stella McCartney, it is crucial to maintain high global competitiveness, without neglecting cost optimisation.
This is where we come in, with our Duty Deferment Account (DDA) .
The Duty Deferment Account is a tool that allows you to defer the payment of customs duties, enabling you to clear goods quickly without immediately having to face the financial burden of taxes. This system is particularly advantageous for brands that operate on a large scale, such as Stella McCartney.
We at Drop handle the DDA directly with His Majesty's Revenue & Customs (HMRC), taking care of every step of the process. We handle the required financial guarantees, constantly monitor deferred amounts and ensure that taxes are paid on time. In this way, our clients can optimise their working capital, freeing up cash for strategic investments.
In the case of Stella McCartney, thanks to the DDA, we estimate a saving of around €10,000, helping to make cash flow more stable and predictable. This allows the brand to reinvest in other projects, supporting growth and innovation.
Contact us to find out how we can also help your brand optimise its logistics and customs processes.
— 29 October 2024
Editorials
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