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Interesting...
I looked at that too. Where they may get stuck is the need to prove the medicines have been exported again. It's hard to tell for the question , but if the medication is going out piecemeal, possibly in staff luggage, it will be hard to obtain the evidence, and even if it is, then reconciling bulk imports to numerous small exports may be a time consuming exercise, and more costly than paying the VAT
I can't see it working as a temporary import
Customs will want to see an import document and a corresponding export document, I think for the SAME total consignment from memory! So you loose on two counts:-
1) the consignment(s) do not get re-exported intact/modified.
2) You don't have any export documents anyway.
Worth throwing yourself at the feet of HMRC and see whether they are able to 'help'(!). Otherwise your MP may be able to help; it depends on the sums involved really.