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Revised Notice 252: valuation of imported goods for customs purposes, VAT and trade statistics

21 April 2021      Andrea Marshall, Tax Specialist

A revised version of Notice 252: valuation of imported goods for customs purposes, VAT and trade statistics has been issued.  This sets out the 6 Methods of valuation, and how to value free of charge, used, lost, damaged or defective goods.

***Update as at 21/4/21***

HMRC have issued these documents regarding valuation today, but they are very high level - so notice 252 (link above) might be more useful.

Goods you do not include when valuing for import VAT

How to value goods for import VAT




Read more



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