HMRC launches Advance Valuation Ruling Service

May 3, 2023 /

HM Revenue and Customs (HMRC) has launched an advance valuation ruling (AVR) service, which provides importers with certainty over the customs value of their goods before they arrive in the UK. From 27 April 2023, traders can apply online for an advanced valuation ruling. The AVR service allows importers to apply for a legally binding…