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HMRC’s Advance Valuation Ruling Service (AVRS) is now live.

The new service will provide traders with legal certainty on their valuation method for imported goods.

You can now get legal certainty on which valuation method you choose for imported goods, for a period of 3 years. HMRC will confirm that the method used to calculate the value is correct. It should be noted that the ruling will not confirm whether the value itself is correct.

We understand that customs valuations are complicated and we are introducing this new service to make things simpler.

You do not have to use this service but it will help to facilitate trade by providing certainty on the correct method of customs valuation.

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

Read more on how to apply for an Advance Valuation Ruling Service: https://www.gov.uk/guidance/apply-for-an-advance-valuation-ruling

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