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Customs Auditing

Customs Auditing

Customs Audit

Customs Auditing

To assist clients in the event of a Customs Audit, we have highlighted below some of the key documents and information HMRC will want to see in order to check that declarations have been undertaken correctly and to prove that there is a clear audit trail.

The main areas of compliance that HMRC will want to examine are:

  1. Evidence of export
  2. Tariff classification
  3. Origin and preferential origin (import)
  4. Preference (export)
  5. Customs valuation
  6. Use of special procedures such as Inward or Outward Processing etc

For Import Audits: HMRC will want to be able to see a full Audit Trail, to ensure that:

The custom value used is correct and includes any additional costs that should be factored in, that the commodity codes used to declare the goods are right, that the correct VAT and Duty has been paid. In order to examine this, HMRC will want to see purchase orders, commercial invoices, proof of payment, insurance policies, evidence of Incoterms used and currency arrangements. They will also want to see the Transport Documents and most importantly Customs Entry Document C88/E2 and C79 Vat reclaims.

They will also want to see the Transport Documents and most importantly Customs Entry Document C88/E2 and C70 Vat reclaims. HMRC will examine how a business has chosen its customs representative if they have outsourced the declarations to a broker or freight forwarder. Have the given authority to the broker to act on their behalf through a Direct Representation Letter, does the Agent have AEO (C) status, which means they have been audited by HMRC. Therefore HMRC may also want to see what instructions are being sent to Agents when conducting customs clearances on behalf of your business and what checks are carried out and how errors are acted upon.

Post Brexit from January 2021 customs will affect all shipments to and from the EU – therefore it is very important to ensure you are doing this correctly.

If you need any further help and support or have any questions, please do not hesitate to contact David@hooperandco.com or David@independent-freight.com who can provide an initial 1-hour review to discuss this with you in more detail. Please also note that now is good opportunity to access the Government Grants available to support businesses that need training in customs matters, to access these grants business must be established in, or have a branch in, the UK when the grant is paid and must have previously met all its tax obligations.

Call us to obtain a free quotation on:  +44(0)2476 343037

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Air Freight

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+44 (0) 247 6343 037

For more information on Imports and Exports after Brexit, one of our freight experts will be happy to help.

"

Prepare your business for Brexit.

A Comprehensive Brexit Planning Checklist

Brexit Update

Brexit Update

Brexit Update

Brexit Update

Now that the UK has officially left the EU albeit we are now in the Transition period where nothing much will change, it seems that the UK Government vision for Brexit is a UK which is completely independent from the EU, whereby the UK will no longer be aligned to EU rules.

This indicates that the UK will at the very best have a ‘Basic’ FTA with the EU. The Prime Minister Boris Johnson has stated that “There is no need for a free trade agreement to involve accepting EU rules,” and that he is seeking a ‘Canada Style’ Free Trade Agreement with the EU. Something we suggested would be the case over a year ago in an earlier blog. However, even a Canada Style FTA now sounds ambitious. If you would like details on the original blog please contact me.

Among individual countries, China is South Africa’s biggest trading partner, with imports and exports between the two nations totaling R263.9 billion in 2013.

It now appears that any trade deal with the EU will be subject to customs checks and for some goods border checks as well, there is now no guarantee that easements which were introduced as part of a cliff-edge Brexit will now be introduced such as TSP, zero temporary tariffs, and even VAT postponed accounting. The EU is now being talked about in the same vein as the USA and other Non-EU countries as being ‘the rest of the World’.

Added to this is the fact that the PM has said the Transition Period will not be extended beyond the end of 2020. Therefore it is very important that businesses start preparing for being ready which goes far deeper than just having your EORI number. Businesses that start planning now will ensure that they are ready for 2021. Hooper and Co will be hosting a number of Training workshops over the next few months these will cover ‘Getting ready for Brexit’, ‘Free Trade Agreements’, ‘Customs Procedures’ and ‘Origin of goods’, etc. If you are interested in attending one of these Workshops or finding out more please do not hesitate to contact me at david@hooperandco.com , there are discounts to existing Clients of Independent Freight and Hooper and Co.

Call us to obtain a free quotation on:  +44(0)2476 343037

Need more information?

Find out how we can help your business

Air Freight

Tailor made solutions to meet your requirements

Sea Freight

Comptitive rates ensuring cost efficiency + reliability

Please call us on

+44 (0) 247 6343 037

For more information on Imports and Exports after Brexit, one of our freight experts will be happy to help.

"

Prepare your business for Brexit.

A Comprehensive Brexit Planning Checklist