Business Terms and Jargon Explained

What is Warehouse

Tax Definition:-
A place approved by HM Customs and Excise for the storage of goods without the payment of certain duties or taxes which would normally be due on those goods. The main types of warehouse are Customs Warehouses; Excise Warehouses; and Customs and Excise Warehouses.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-08 20:59:34

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