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Published on: 25/11/2009 10:08:00 |
CUSTOMS INFORMATION PAPER (09) 77
1. Background.
The revalorisation of the Euro against the Pound Sterling takes place on the 1
October each year. The revised limits affected by the 2009 revalorisation will
come into force from 1 January 2010.
2. New revalorisation limits.
2.1 Low Value Consignment Relief.
There is no change to the current limit and it will remain at £18. Goods with
an intrinsic value of £18 or less will not be assessed for import VAT.
2.2 The Value of Goods on which Customs duty is calculated.
The intrinsic value of goods before customs duty is calculated rises from £120
to £135 (Article 1(3) of 274/2008 amending Regulation 918/83 amending
Regulation 918/83). Whilst Customs duty will not be calculated on items with
an intrinsic value of less than £135, import VAT will be liable on any item
valued at over £18.
2.3 Customs Duty waiver.
Customs duty will not be collected when the amount of duty due is less than
£9 (Article 868 of the Customs Code Implementing Provisions 2454/93)
2.4 Gifts
The limit before VAT is applied to gifts sent between private individuals rises
from £36 to £40 (Value Added Tax (Small Consignments) Relief Order 1986).
The limit before the rate of duty taken from the Common Customs Tariff is
applied rises from £560 to £630. Consignments of gifts with a value less than
£630, for which the rate of duty of the Common Customs Tariff is other than
‘free’ attract a flat rate of duty of 2.5%. (Council Regulation (EC) No 275/2008)
3. Contacts
Please write to:
Mrs D Evans
HMRC
Excise, Customs Stamps and Money
10th
Floor SW
Alexander House
Victoria Avenue
Southend-on-Sea
Essex
SS99 1AA
For further information, contact sales at Impatex on 0870 872 2770 or use our contact form.
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