On 25th April, HMRC published Customs Information Paper 5 about the withdrawal of the importers transitional arrangement for the earlier sale provision on 31st December 2017.  From that date all importers and their agents may no longer declare an earlier sale as the basis for the customs value.  Previously, where there was a series of sales before the importation of the goods, any sale in the supply chain prior to the last sale which led to the introduction of the goods into the customs territory could potentially be used as the basis of the customs value.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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