Customs valuations are complicated, and HMRC has introduced this new service to simplify things. An Advance Valuation Ruling is optional, and traders can still import goods into the UK without one; however, having one can help ensure you pay the correct duty on the goods you import.

This service can assist traders when they want to check that the valuation method they have identified is correct or to get a legally backed decision to use a specific method before making the import declaration.

To access the AVR service, traders will need the following:

• A Government Gateway ID
• EORI number

Important - You must apply before you import your goods or make any import declarations, as decisions cannot be made retrospectively.

This is an online service and is still being developed. HMRC have said they hope to have a fully operational system by Autumn 2023, including the publication of Advanced Valuation Rulings allowing traders to search already approved scenarios.

HMRC has said it can take up to 90 days to give traders a decision once the application has been accepted.

Valuation is a complex subject, and traders must provide further information to use the AVR service, including the valuation method they think is the best to value the goods.

Link to Government Guidance 

We help many clients with the application process for advanced rulings, and valuation is no different. Use our specialist team to guide you through the process; contact us to learn more.

While you are here you may be interested in some Strong & Herd LLP training courses related to this topic:

Valuing Goods for Customs Purposes

Customs Compliance Review

Company Audit / Health Check