HMRC Advance Valuation Ruling Service

• Law Firm: Hillier Hopkins
• Subject Matter: International Law, Export Controls & Trade & Investment Sanctions
• Author: Ms Ruth Corkin
• Published date: 03 October 2023

The Advance Valuation Ruling Service is now available to all

There are occasions where the value of goods on import or export cannot be calculated in line with HMRC's six methods of valuation. For example, this may be because goods are in development form and nothing similar on the market or where there is no commercial value because the goods are being sent for destruction or analysis. In such situations the value is difficult to determine and open to challenge by HMRC (or overseas customs authorities) and this causes delays at the border or a return of your goods. In extreme cases it may mean destruction of goods). To avoid this happening, importers and exporters can apply for an Advanced Valuation Ruling ("AVR") from HMRC which is...