Applying for an Advance Valuation Ruling before making an import declaration will help a business check the correct valuation method and have a legally backed decision from HMRC. Using this service confirms the accuracy of a given valuation method used at import for their compliance records.

The service is not mandatory but does help to facilitate trade by providing certainty as to the correct method of customs valuation to be used on the cross-border movement, and that the correct duties and taxes are paid.

HMRC have advised an update to who can access this service; it is now available for agents who represent traders who cannot themselves use a Business Tax Account.  Previously, agents were unable to access the Advance Valuation Ruling Service (AVRS) on behalf of the trader without that Business Tax Account, a disadvantage to the trader. 

Traders able to use a Business Tax Account and their representing agents have been able to apply for a ruling since April 2023. Therefore, traders without a Business Tax Account will find this a welcome addition, as the service provides traders and agents with legal certainty on the valuation method used for imported goods, valid for three years post-ruling. 

The accuracy of valuing goods crossing the UK border is essential, as the value will relate precisely to the duties and taxes payable on imports. The trader is responsible for ensuring that the correct valuation method is used when working out the customs value of goods imported into the UK.

To register to use the service, traders will need: 

• A Government Gateway User ID 
• An Economic Operators Registration and Identification (EORI) number 

More information can be found at the following link:

https://www.gov.uk/guidance/apply-for-an-advance-valuation-ruling?&utm_source=pp&utm_medium=stk_email&utm_campaign=avrs&utm_content=28_sep

If you are interested in exploring this topic further, you might find it worthwhile to consider the training courses and live clinics offered by Strong & Herd LLP: