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27 April 2023•Article
HMRC’s Advance Valuation Rulings Service now live
Traders can now obtain legal certainty on their valuation method for goods imported into the UK, for a period of three years. The UK’s customs authority, HMRC, has introduced this service to simplify complex customs valuations in support of UK importers.
Traders can now obtain legal certainty on their valuation method for goods imported into the UK, for a period of three years. The UK’s customs authority, HMRC, has introduced this service to simplify complex customs valuations in support of UK importers.
What are Advance Valuation Rulings?
Advance Valuation Rulings (AVRs) are a trade facilitation measure that aims to help traders identify the correct method of valuation for their goods. It allows legally binding rulings on customs valuation for specified goods for a period of three years, and will include a written decision made by customs authorities at the trader’s request.
The AVR service is not mandatory, however, it is useful for UK importers to establish the correct method of customs valuation and ensure accurate duty calculations are applied.
The UK currently offers legally binding decisions for:
Advance Tariff Rulings
These provide legal certainty on the correct commodity code, which can then be used to determine the correct duty and taxes
Advance Origin Rulings
These provide certainty on the economic nationality of goods, when importing and exporting. For imports, this provides legal protection against any UK customs authority challenging the country of origin of the product. There are 2 types of origin – preferential (which features in the UK’s trade agreements) and non-preferential
Binding Tariff Rulings
These provide legal certainty on the correct commodity code for importing into the EU or Northern Ireland
Binding Origin Rulings
These provide legal certainty on the economic nationality of goods when importing or exporting from Northern Ireland
If traders want to sign up for AVRs they need:
- A Government Gateway ID
- EORI number
If you have any questions regarding the introduction of AVRs for UK imports, you can contact us below.
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