HMRC has published a revised customs valuation notice 252, which includes amendments on:
• Changes to the treatment of buying commissions for import VAT purposes
• How to revalue goods which have devalued while in a customs warehouse
• The treatment of surcharges relating to air transport costs
It is important to note that HMRC’s Public Notices do not have legal affect. Although they cannot be relied on, they are useful guidance and for understanding HMRC’s current position on a matter. If any specific point could have a material impact on your business then we recommend referring back to the Regulations, existing case law etc., and seeking to resolve a matter through express written agreement with HMRC.