Is your business ready for a Customs Audit?
Whether you're a first-timer facing an audit or a seasoned compliance manager needing a refresher, our masterclass series will equip you with the knowledge and tools needed to navigate audits with confidence.
Event Description:
In this session of the Compliance Foundations series, participants will explore the Valuation Methods. Even free samples have a value, and HMRC lists six methods you can use to value your goods at import, depending on the procedure used. Do you know which one was declared and why? Join us to learn what evidence you might be asked to produce during an audit.
Why Attend:
Gain insight into HMRC's valuation methods for imported goods.
Different valuation methods apply to different commercial scenarios.
Understand the financial implications of declared valuation methods on audits.
Learn about the evidence required to support declared valuations during audits.
Key Topics Covered:
Audit Implications: Identifying common red flags related to valuation methods.
Additions, Deductions and Discounts: Calculating the value of landed goods.
Valuation Methods: Understanding the six methods listed by HMRC for valuing imported goods.
Import for Home Use vs. Special Procedures: Differentiating between valuation methods for different types of imports.
This event is tailored for:
Compliance Teams
Individuals in companies involved in importing and exporting activities
Buyers and Procurement Teams
Customs Agents and Customs Brokers
Anyone anticipating a customs audit
Event Format:
Delivered live, online
Interactive session with opportunities for Q&A
Cost:
£49 + VAT per attendee