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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 clinical materials crossing borders.
Thermo Fisher Scientific’s UK customs warehouse provides biotech and pharma sponsors with a way to suspend or defer import duties and VAT on clinical materials, therefore reducing overall import and export costs and ensuring more efficient and effective operations.
Download our infographic to explore how our Horsham, UK, customs warehouse supports global clinical supply chains through experience, cost savings, and optimized cash flow. Learn how it connects seamlessly with our clinical label supply sites in Basel, Switzerland, and Bohemia, New York.
