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HM Revenue and Customs Brief 16/08


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Issued 11 March 2008

Valuation of imported goods: Customs valuation declarations and general valuation statements

This Revenue & Customs Brief announces our plans to introduce changes to current procedures that require a valuation declaration form C105 or C109 to be completed by importers or their agents.


EC Regulations require that a declaration of particulars, relating to the customs value, shall accompany the customs entry made in respect of imported goods. The C105 is an official form on which the importer, or their agent, records information about the valuation of the imported goods in a single consignment for customs duty and import VAT purposes. Importers are required to provide a completed valuation declaration of particulars with their customs entries when the value of the imported goods exceeds a threshold limit of 6,500.

The C109 is a numbered document, the details of which are quoted on entry documents and used instead of individual valuation declarations for a period not exceeding three years.

Revised procedure

So that you do not have to routinely provide information about your importations, we are relaxing the requirement for a valuation declaration to be completed for 99 per cent of all import entry declarations. In future, importers will only be required to complete a valuation declaration on request, for example in respect of import declarations examined by our officers on a post-importation audit.

The new procedure will also mean that there will be no need to complete and register General Valuation Statements, Form C109.

The changes will be introduced on 1 April 2008.

Further information can be found in Customs Information Paper (08)19.

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Crown Copyright 2008.

A licence is need to reproduce this article and has been republished for educational / informational purposes only. Article reproduced by permission of HM Revenue & Customs under the terms of a Click-Use Licence. Tax briefs are updated regularly and may be out of date at time of reading.

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Article Published/Sorted/Amended on Scopulus 2008-03-24 03:40:51 in Tax Articles

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