- HMRC published a customs valuation technical handbook
- Provides guidance on establishing value for customs duty and import VAT
- Covers six valuation methods and their appropriate use
- Reflects HMRC’s view of the law but does not override it
- Builds on previously published guidance
- Similar to guidance from the European Commission and World Customs Organization
- Part of HMRC’s efforts to update and consolidate customs guidance
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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