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Quarterly news:

Summer 2023

HMRC’s new Advance Valuation Service

Getting the right method to work out the customs value of goods you import is complex. There is now a new HMRC service that you can use – before the import declaration is made – to make sure that things are in order.

HMRC’s advance valuation ruling service (AVRS) checks that the valuation method proposed is correct, and gives businesses a legally binding decision. The decision can then be used for any further imports of these goods for up to three years.

As the name suggests, you apply in advance – before goods are imported or declarations made: HMRC can’t give a ruling retrospectively. It’s done by signing up through the business tax account. On the business tax account homepage, select ‘Get online access to a tax, duty or scheme’.

For those without a business tax account, application is made online using your Government Gateway user ID. It can take up to 30 days for HMRC to ‘accept’ the application and a further 90 days for HMRC to give the ruling.

If an agent acts for you, they can apply on your behalf, but only if they have been added to the business tax account as a team member.

The service is not mandatory: but there are clear advantages. A ruling can help make sure the right duty is paid, minimising business risk and helping steer clear of HMRC challenge at a later date.

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