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The Duty Management Tool (DMT) from Falsum Labs is the leading online platform for identifying, managing and reclaiming overpaid Border Taxes. The DMT is the only wholly cloud-based platform to handle Customs Duty & Import VAT reclaims in a unified, automated process.
The Duty Management Tool (DMT) from Falsum Labs is a purpose-designed online platform designed to quickly identify overpaid Border Taxes and process reclaims in a unified, streamlined process.
The Duty Management Tool (DMT) presents unique insights into a Trader’s Border Tax exposure, displaying; Overpaid Customs Duty & Import VAT, Unclaimed Preferential-Tariff Rates, Free-Trade Agreement (FTA) Utilisation and the additional costs of 3rd-Party Duty Deferment schemes.
Through the DMT, overpayments are identified and automatically handed over to our ‘Duty Management Portal‘. Within the Portal, Traders will be able to upload evidence to support individual Duty Reclaims, with the support of dedicated Falsum Labs experts. Falsum Labs will provide all HMRC Reclaim correspondence and manage the HMRC triage process until all Duty overpayments are returned to the Trader’s bank.
The DMT is designed with visibility and plain English in mind. The DMT is built to demystify Customs – transforming Commodity Codes, VAT Numbers & Customs Procedures into plain-English product descriptions and business names. Traders can drill-down into the Item and Consignment-level detail using pre-prepared filters to identify overpayment of Border Taxes from specific Suppliers, Carriers, Customs Agents, and many more.
