#Commercial invoice template word how to#

Keep you in check legally, as failure to provide accurate commercial information leaves you liable to warnings or fines (which vary in seriousness and amount).Prevent shipment delays, as accurate paperwork will help your exporter process your package quickly.Ensure you, the shipper, pay all required taxes and fees.

#Commercial invoice template word how to#

Note: We’ll go into more specifics on what’s included in a commercial invoice and how to fill yours out accurately in the next section.Ĭorrectly filling out your commercial invoice will help to:

Precisely what is in the package, delineated by line-item descriptions, gross and net weight of each item, the total weight of the package, type of package, etc.

Who you are (via identifiable VAT or EORI numbers) to ensure you are a legally recognised international trader.

Who is paying for the shipment and applicable taxes.

The reason that you’re shipping the items.

How to classify your goods and thus apply the applicable duties and taxes to your package.

Where the package came from and where it’s going.

It allows customs authorities to understand: What is a commercial invoice and what is it used for?Ī commercial invoice is an important shipping document containing information about the goods you plan to send.

How Brexit affects commercial invoicing.

How to avoid common mistakes when filling out your commercial invoice.

What is a commercial invoice and what is it used for?.

In this guide, we’re going to dive further into exactly what a commercial invoice is, when and how to raise one correctly and how Brexit may affect your export activities.

So, how can you ensure your commercial paperwork is in tip-top shape and your customers receive their goods in the agreed timeframe? Why? Because a commercial invoice outlines the details of the transaction between seller and buyer and is meticulously analysed by customs officials to control imports and ensure the right amount of tax is paid.Ĭomplications from inaccurately completed commercial invoices can result in delays, cancelled shipments or legal ramifications. This means accurately filling out a commercial invoice, which is regarded as the most important legal document surrounding international trade. Naturally, you want the process of shipping your products to your overseas customers to run as smoothly as possible. Making your goods available internationally is an exciting milestone.