skip to Main Content

Welcome

Hi there! You’ve got questions? We have answers. Just send us a message and one of our knowledgeable staff will be in contact with you soon.

Get In Touch

Email: info@eoacc.com
Phone: (UK) +44 (0)203 405 2320
Address: UK: Collingham House, 10-12 Gladstone road, Wimbledon, London, SW19 1QT

Our Location

UK: +44(0)203 405 2320 / SA: +27(0)21 300 2380 info@eoacc.com

HMRC launches the Advance Valuation Ruling Service for importers

HM Revenue and Customs (HMRC) has launched the Advance Valuation Ruling Service (AVRS), a new service that gives importers legal certainty that their chosen customs valuation method is correct.

When importing goods into the UK, traders must work out the value of their goods to calculate their Customs Duty and import VAT.

Traders will apply online for an Advanced Valuation Ruling where HMRC will confirm the method used to calculate the value is correct. It is legally-binding for 3 years and the trader will use this information to calculate the value of their goods on their import declaration.

See: New service launched to make importing easier for UK traders – GOV.UK (www.gov.uk)

Back To Top