Calculating the import value and declaring it to HM Revenue & Customs (HMRC) is a complex area. However, if you need help, HMRC provides a range of support services.

HMRC guidance publications

The following publications will expand on the information in this guide:

Notice 251: Valuation Declarations and Statements - this explains the types of declarations, when they are required and how to complete them.

Notice 252: Valuation of imported goods for customs purposes, VAT and trade statistics - this explains the six methods you can use to calculate the value of your imports.

HMRC National Advice Service

If your queries aren't answered by the publications listed above, you can call the HMRC VAT Helpline on Tel 0845 010 9000. This service can help you with any problems related to import valuations in particular, or other customs-related aspects of international trading.

 

( linda )22 Nov,2011

Other News:
Where to Find Information on the Valuation of Imported Goods
The Costs of Using a Freight Forwarder
Types of Insurance for Freight Forwarders
When to Use Customs Warehousing, Eligible Goods and Types of Customs Warehouse
Freight Trade Associations
International Trade Finance
Operating a Customs Warehouse: Authorisation and Responsibilities of Warehousekeepers and Depositors
How a Freight-forwarding Service Helps My Business Trade Overseas