G/VAL/N/1/GBR/1  
 
12 January 2021  
(21-0403) Page: 1/16 
Committee on Customs Valuation  Original: English  
 
 
NOTIFICATION UNDER ARTICLE 22 OF THE AGREEMENT ON  
IMPLEMENTATION OF ARTICLE VII OF THE GENERAL  
AGREEMENT ON TARIFFS AND TRADE 1994  
UNITED KINGDOM  
 
 
The following communication , dated 1 January 2021 , is being circulated at the request of the 
delegation of the United Kingdom.  
 
_______________  
 
 
As laid out in Article 22.2 of the Agreement on Implementation of Article VII of the General 
Agreement on Tariffs and Trade 1994, the  Delegation of the United Kingdom hereby submit details  
of their national legislation.  
_______________  
 
 
 
  G/VAL/N/1/GBR/1  
 
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  Taxation (Cross -border Trade) Act 2018 Part 1 section 16. Available at: 
https://www.legislation.gov.uk/ukpga/2018/22/section/16/enacted   
 
16 Value of chargeable goods  
(1) This section makes provision for determining the value of chargeable goods for the purposes of 
this Part.  
(2) The general rule is that the value of the goods is the transaction value of the goods when sold 
for export to the United Kingdom.  
(3) For this purpose “the transaction value” means the total amount of the consideration — 
(a)payable for the goods, or  
(b)payable in connection with the importation of the goods into the United Kingdom,  
subject to the inclusion or exclusion of matters specified in regulations made by the Treasury.  
(4) The regulations may make provision for treat ing a matter to be of a specified amount or value.  
(5) Regulations made by the Treasury may make provision for the value of goods for the purposes 
of this Part to be a value other than the transaction value.  
(6) The following are examples of the kind of pr ovision that may be made by the regulations — 
(a)provision dealing with transactions between persons who are related to, or connected with, 
each other in a specified way, and  
(b)provision dealing with cases where a transaction value cannot, or cannot readily, be 
determined.  
 
The Customs (Import Duty) (EU Exit) Regulations 2018 PART 12. Available at:  
https://www.legislation.gov.uk/uksi/2018/1248/part/12/made  
 
 
PART 12  
Valuation of chargeable goods  
 
CHAPTER 1  
Preliminary  
Interpretation  
107.—(1) In this Part : 
“the 90 day period” means the period of up to 90 days ending immediately before the date on which 
the chargeable goods (1) are released for free -circulation (2) but that period does not include any 
period which is prior to the date on which the chargeable goods were imported into the 
United  Kingdom;  G/VAL/N/1/GBR/1  
 
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  “buying commission” means a commission paid by a buyer of goods to an agent of the buyer in 
respect of services provided by the agent to the buyer to enable the buyer to import chargeable 
goods;  
“comparable goods” has the meaning given by regulation 127(1 );  
“full value” means the total amount which would be payable in an arm’s length transaction for, or in 
connection with the importation of, goods;  
“identical goods” has the meaning given by regulation 127(1);  
“Method” means a method of valuation set out  in chapter 5 of this Part; and “Method N valuation”, 
where N is a whole number between 1 and 6, is a Method so numbered;  
“related persons” has the meaning given by regulation 128;  
“similar goods” has the meaning given by regulation 127(1);  
“specified m atters” has the meaning given by regulation 108(7) in respect of items to be included 
as elements of a transaction value and by regulation 108(8) in respect of items to be excluded as 
elements of a transaction value;  
“time the goods are imported” is to be  construed in accordance with section 5 of CEMA 1979( 3).  
(2) In chapters 2 to 5 of this Part in relation to a transaction value of goods, “seller”  means the 
person who in the transaction sells the goods for export to the United Kingdom and “buyer” means 
the person who in the transaction buys the goods from the seller.  
 
CHAPTER 2  
Use of Methods of valuation  
 
Use of Methods of valuation  
108.—(1) To determine the value of chargeable goods presented to Customs on import( 4) which 
value is to be included in the Customs declaration, follow steps 1 and 2.  
(2) Step 1: apply in the following sequence : 
(a) Method 1 valuation;  
(b) Method 2 valuation; and  
(c) Method 3 valuation,  
until a Method is found by which the full value of the goods can be readily determined and if none is 
found, proceed to  step 2.  
(3) Step 2: apply in the following sequence : G/VAL/N/1/GBR/1  
 
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  (a) Method 4 valuation then Method 5 valuation, or in reverse order as the person who makes 
the Customs declaration elects; and  
(b) Method 6 valuation,  
until the full value of the goods can be readily determined.  
(4) But steps 1 and 2 are subject to regulation 109.  
(5) A transaction value (5) must be adjusted as necessary to include and exclude as elements of 
the value such of the specified matters which are not already taken into account as elements of the 
value.  
(6) Where : 
(a) a Method is being applied which uses a transaction value;  
(b) the value of a specified matter cannot be readily determ ined; 
(c) regulation 109 does not apply; and  
(d) HMRC consider that the value would be a significant element of the value of the goods,  
that Method is not to be used in the valuation of the goods.  
(7) The specified matters to be included as elements of a transaction value are —  
(a) the value of each item set out in regulations 111 to 113 but taking into account any 
depreciation for an ite m which is a re -used item;  
(b) where applicable, any adjusted amount described in regulation 114; and  
(c) any amount which is payable in respect of the goods or their importation at a time other 
than the time when the goods are sold for export to the Unite d Kingdom.  
(8) The specified matters to be excluded as elements from a transaction value are the value of 
each item set out in regulations in chapter 4.  
(9) HMRC may presume that where the buyer and seller of chargeable goods are related persons, 
in the application of Method 1 valuation, the transaction value of the goods is not the full value 
unless HMRC are satisfied to the contrary.  
 
Values undetermined when Customs declaration would otherwise be accepted  
109.—(1) This regulation applies where, in the application  of Method 1 valuation, a transaction 
value cannot be determined by the time the Customs declaration in respect of the goods would, if 
the value were determined, be accepted.  
(2) A Customs declaration in respect of the goods may be made in which the value  of the goods 
is in whole or part still to be determined, if conditions 1 to 3 are satisfied.  G/VAL/N/1/GBR/1  
 
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  (3) Condition 1: the declarant must : 
(a) be authorised by HMRC for the purposes of this regulation; and  
(b) provide a draft of the intended contents of the decla ration to HMRC which : 
(i) identifies those parts of the value which cannot be determined and why;  
(ii) sets out the basis on which the value can later be determined; and  
(iii) states the date by which the valuation will be provided to HMRC.  
(4) Condition 2 : HMRC must notify the declarant : 
(a) that it is satisfied that a declaration may be so made; and  
(b) of the date by which the declaration must be made.  
(5) Condition 3: the Customs declaration is made accordingly.  
 
Provision of evidence  
110.  HMRC may publish a notice specifying the type of evidence to be provided to an HMRC 
officer which supports :  
(a) the use of one Method instead of another; or  
(b) the determination of a valuation.  
 
CHAPTER 3  
Transaction value: specified matters – included elements  
 
Transaction value: included items  
111.—(1) The items referred to in regulation 108(7)(a) as specified matters to be included as 
elements of a transaction value are the following : 
(a) the container of the goods;  
(b) the packaging of the goods;  
(c) transport and insurance of the goods, up to the time the goods are imported into the 
United Kingdom;  
(d) loading and handling of the goods, up to the time the goods are imported into the 
United  Kingdom;  
(e) commission, except buying commission, and broker age fees paid by the buyer of the 
goods; and  
(f) export duty charged in the place of origin.  G/VAL/N/1/GBR/1  
 
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  (2) The value of the items in paragraph (1) is : 
(a) in respect of sub -paragraphs (a) to (d), subject to paragraph (3), the cost of the item;  
(b) in respect of sub-paragraph (e), the amount of the commission and fees paid; and  
(c) in respect of sub -paragraph (f), the amount of the duty.  
(3) Where goods are transported by air, the cost of the air transport is the percentage of that 
cost as set out in the document, “Air Transport Costs to be included in the customs value, version  1, 
dated 27 November 2018 (6)”.  
 
Transaction value: further included it ems – partial value  
112.—(1) The items referred to in regulation 108(7)(a) as specified matters to be included as 
elements of a transaction value further include the following, where the buyer of the goods provides 
them to the seller other than for full valuable consideration : 
(a) materials, components or parts of the goods;  
(b) materials consumed in the production of the goods;  
(c) dies, moulds or tools used in the production of the goods; and  
(d) each item listed in paragraph (2) which is provided outside of the United Kingdom in 
relation to the production or development of the goods.  
(2) The items referred to in paragraph (1)(d) are : 
(a) artwork;  
(b) designs;  
(c) development services;  
(d) engineering work or services; and  
(e) plans or drawings.  
(3) Paragraph (1)(d) applies to an item even if it is not intended to be used by the buyer in the 
processing, use or disposal of the goods.  
(4) Subject to paragraphs (5) and (6), the value of an item in paragraph (1) is : 
(a) if it can be readily determined : 
(i) where the buyer or a related person of the buyer did not produce the item, the price paid 
by the buyer for the item; or  
(ii) where the buyer or a related person of the buyer produced the item, the cost to the buyer 
or related person of producing the it em; or  G/VAL/N/1/GBR/1  
 
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  (b) otherwise, a value determined in accordance with the principles adopted by the WTO( 7) 
in the Agreement on Implementation of Article VII of the General Agreement on Tariffs and 
Trade 1994 (8). 
(5) In respect of an item to which paragraph (1)(c) or (d) applies, where the item is used or 
provided in relation to other goods as well as the goods to be valued, the value is to be apportioned 
proportionately between the other goods and the goods to be valued.  
(6) The total value of the items to which paragraph (1) applies is to be reduced by the amount of 
the value of the consideration provided by the seller.  
 
Transaction value: further included items - royalties  
113.—(1) The items referred to in regulation 10 8(7)(a) as specified matters to be included as 
elements of a transaction value further include a royalty or licence fee payable by the buyer to the 
seller where : 
(a) the royalty or licence fee is payable when the buyer sells the goods; and  
(b) such payment  forms part of the agreement between the buyer and seller for the import of 
the goods into the United Kingdom.  
(2) The value of the royalty or licence fee is, if it can be readily determined, the amount payable.  
 
Transaction value: adjusted amounts  
114.—(1) Where an HMRC officer is satisfied : 
(a) that a transaction value used in Method 1 valuation is substantially lower than the full 
value of the goods; and  
(b) as to the amount (“the adjusted amount”) which, if included in the value, would be the 
full valu e, the officer must consider the transaction value as inaccurate and accordingly give 
a notification or make a correction to the Customs declaration under paragraph 14 of Schedule 
1 to the Act, such that the transaction value is treated so as to include th e adjusted amount.  
(2) In particular, an HMRC officer must have regard to the following in order to be satisfied as to 
the matters in paragraph (1), namely if : 
(a) the buyer and seller of the goods have agreed any restriction on the use or disposal of the 
goods, other than a restriction : 
(i) imposed further to an enactment; or  
(ii) as to the geographic area in which the goods may be re -sold; G/VAL/N/1/GBR/1  
 
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  (b) the seller is entitled to any of the proceeds of any disposal of the goods made by the 
buyer; or  
(c) the goods are to be processed by the buyer or a related person of the buyer and the seller 
is entitled to any of the goods as processed.  
 
CHAPTER 4  
Transaction value: specified matters – excluded elements  
 
Transaction value: excluded items  
115.—(1) The items referred to in regulation 108(8) as specified matters to be excluded as 
elements from a transaction value are the following : 
(a) import duty in respect of the goods;  
(b) buying commission in respect of the goods;  
(c) the right to reproduce th e goods in the United Kingdom;  
(d) transport and insurance of the goods, after the time the goods are imported into the United 
Kingdom; and  
(e) the assembly, construction, erection or maintenance of the goods or the provision of 
technical assistance in relation to the goods, to the extent such an activity applies after the 
time the goods are imported into the United Kingdom.  
(2) The value of an item in paragraph (1) is : 
(a) in respect of sub -paragraph (a), the amount of the import duty;  
(b) in respect of sub -paragraphs (b) to (e) : 
(i) if it can be readily determined, the amount payable for the item by the buyer of the goods; 
or 
(ii) otherwise, a value determined in accordance with the principles adopted by the WTO in 
the Agreement on Impleme ntation of Article VII of the General Agreement on Tariffs and 
Trade  1994.  
 
Transaction value: further excluded items - royalties  
116.—(1) The items referred to in regulation 108(8) as specified matters to be excluded as 
elements from a transaction value f urther include a royalty or licence fee agreed to be paid by the 
buyer to the seller where : 
(a) the royalty or licence fee is payable when the buyer sells the goods; and  G/VAL/N/1/GBR/1  
 
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  (b) the agreement to pay the royalty or licence fee is a separate agreement to that entered 
into between the buyer and seller for the import of the goods into the United Kingdom.  
(2) The value of the royalty or licence fee is, if it can be readily determined, the amount agreed 
to be paid.  
 
Transaction value: further excluded items – finance interest  
117.—(1) The items referred to in regulation 108(8) as specified matters to be excluded as 
elements of a transaction value further include finance interest.  
(2) “Finance interest” means the interest charged under a relevant finance agreement which is 
attributable to the finance used to purchase the goods.  
(3) “Relevant finance agreement” means a written finance agreement between the buyer and 
seller of the go ods entered into to enable the buyer to buy the goods and where : 
(a) the rate of interest payable under the finance agreement does not exceed that usually 
payable under similar agreements in the territory where the finance agreement was entered 
into; and  
(b) in cases where the buyer sells the goods within a period of 30 days beginning with the day 
after the date of their release to free -circulation, they are sold at no less than the value 
declared in the Customs declaration.  
(4) The value of the finance int erest is, if it can be readily determined, the amount of the interest.   
 
Transaction value: further excluded items – costs during storage and increase in value  
118.—(1) The items referred to in regulation 108(8) as specified matters to be excluded as 
eleme nts from a transaction value further include in respect of the goods :  
(a) costs incurred for storage of the goods whilst they are held in a temporary storage facility 
or held in storage further to a special Customs procedure (9); and 
(b) any increase in value which occurs after the goods are imported into the United Kingdom.  
(2) Paragraph (3) applies where : 
(a) the goods are declared for a special Customs procedure and are subject to operations 
described in sub -paragraph (b) of paragraph 11 of Schedule 2 to the Act; and  
(b) costs are incurred, or any increase in value occurs, by virtue of those operations 
(“operations costs or increase in va lue”).  G/VAL/N/1/GBR/1  
 
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  (3) Operations costs or increase in value only fall within paragraph (1) if they derive from those 
operations specified in a notice published by HMRC as operations constituting usual forms of handling 
of goods.  
(4) The value is, if it can be readily deter mined, the amount of the costs or increase in value.  
  
CHAPTER 5  
Methods of valuation  
 
Method 1 valuation  
119.  The general rule of valuation provided by section 16(2) of the Act is the “Method 1 
valuation”.  
 
Method 2 valuation  
120.—(1) “Method 2 valuation” means the valuation of chargeable goods( 10) presented to 
Customs on import determined by the valuation method in paragra ph (2).  
(2) The valuation method is : 
(a) identify the transaction value of identical goods sold for export to the United Kingdom 
within the 90 day period; and  
(b) apply that value to the chargeable goods as the value of the goods which applies 
immediately  before they are released for free -circulation( 11). 
(3) The identification is to be made in accordance with regulation 122.  
 
Method 3 valuation  
121.—(1) “Method 3 valuation” means the valuation of chargeable goods presented to Customs 
on import determined by the valuation method in paragraph (2).  
(2) The valuation method is : 
(a) identify the transaction value of similar goods sold for e xport to the United Kingdom within 
the 90 day period; and  
(b) apply that value to the chargeable goods as the value of the goods which applies 
immediately before they are released for free -circulation.  
(3) The identification is to be made in accordance wit h regulation 122.   
 
  G/VAL/N/1/GBR/1  
 
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  Method 2 and Method 3 valuation: identification of transaction values  
122.—(1) The identification of the transaction value of identical goods or similar goods sold for 
export to the United Kingdom within the 90 day period must be based on a sale of such goods which : 
(a) is made by the same seller as the seller of the chargeable goods or, where no such sale 
exists in the 90 day period, is made by a seller who is in the equivalent position in the supply 
chain as the seller of the cha rgeable goods;  
(b) is made to the same buyer as the buyer of the chargeable goods or, where no such sale 
exists in the 90 day period, is made to a buyer who is in an equivalent position in the supply 
chain as the buyer of the chargeable goods;  
(c) is the n earest in time to the time the chargeable goods are imported; and  
(d) is of an equivalent quantity as the sale of the chargeable goods.  
(2) If more than one such sale is identified, the sale which produces the lower or lowest valuation 
is the transaction v alue to be applied.  
 
Method 4 valuation – other than goods to which regulation 124 applies  
123.—(1) “Method 4 valuation” means, subject to paragraph (2), the valuation of chargeable 
goods presented to Customs on import which is determined by the following steps.  
(2) Paragraph (1) does not apply to goods to which regulation 124 applies.  
(3) Step 1:  identify whether or not there is a sale of the chargeable goods which occurs within 
the period of 90 days which begins immediately after the date on which the chargeable goods are 
imported into the United Kingdom and proceed to step 2.  
(4) Step 2: if :  
(a) there is a sale, proceed to step 3; or  
(b) there is no sale and : 
(i) step 7 has not already been applied, proceed to step 7;  
(ii) step 7 has been applied, proceed to step 8, unless step 8 has already been applied;  
(iii) step 8 has already been applied, cease to use Method 4 valuation.  
(5) Step 3: identify the earliest sale and exclude any sale where the buyer and seller of the goods 
are related persons and : 
(a) if that leaves no sale, repeat step 2, beginning at paragraph (b); or  
(b) otherwise, proceed to step 4.  G/VAL/N/1/GBR/1  
 
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  (6) Step 4: exclude any sale where the quantity sold is insufficient to give a representative 
quantity in order to determine a unit price and :  
(a) if that leaves no sale, repeat step 2, beginning at paragraph (b); or  
(b) otherwise, proc eed to step 5.  
(7) Step 5: include and exclude, as the case may be, as elements of the sale such of the specified 
matters which are not already taken into account as elements of the sale and proceed to step 6.  
(8) Step 6: use the total sale value obtained  by step 5 to determine the unit price of the goods 
and apply that unit price to all of the chargeable goods as the value of the goods which applies 
immediately before they are released for free -circulation.  
(9) Step 7: repeat step 1 but as if the referen ce to “chargeable goods” were instead a reference 
to “similar goods which have not been processed”.  
(10) Step 8: repeat step 1 but as if the reference to “chargeable goods” were instead a reference 
to “similar goods which have been processed” but only if the amount of the value of the processing 
carried out to the goods can be determined.  
(11) Where step 5 applies after the application of step 8, the amount of the value of the processing 
carried out to the goods is to be deducted in identifying the unit p rice of the sold goods.  
 
Method 4 valuation – fresh fruit and vegetables  
124.—(1) This regulation applies to chargeable goods presented to Customs on import which are 
fresh fruit and vegetables meeting the description and with the commodity codes set out in the 
document, “Fresh fruit and vegetables under Method 4 valuation, version 1, dated 
27 November  2018( 12)”.  
(2) The valuation of the goods is to be determined by reference to the wholesale price of the 
goods at the date of import, being the price as set out in a notice published by HMRC.  
(3) The notice must set out the wholesale price as a unit price for 100 kg  of the goods and the 
period to which the price applies.  
(4) For the purposes of setting out wholesale prices in the notice, regard must be taken of 
wholesale prices from a representative sample of wholesale markets operating in the United Kingdom 
and the  prices set out in the notice must be kept up to date.  
 
  G/VAL/N/1/GBR/1  
 
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  Method 5 valuation  
125.—(1) “Method 5 valuation” means the valuation of chargeable goods presented to Customs 
on import which is determined by the valuation method in paragraph (2).  
(2) The valuation method is : 
(a) identify : 
(i) the cost of producing the goods and the cost of the container and packaging of the goods;  
(ii) the costs of transport and insurance of the goods, up to the time the goods are imported 
into the United Kingdom;  
(iii) lo ading and handling charges of the goods, up to the time the goods are imported into 
the United Kingdom;  
(iv) the amount of expenses usually incurred in enabling comparable goods to be sold in the 
place of export of the goods; and  
(v) the amount of profit u sually arising on a sale of comparable goods in the place of export 
of the goods;  
(b) total the costs, charges and amounts in sub -paragraph (a); and  
(c) apply that total as the value of the chargeable goods which applies immediately before 
they are release d for free -circulation.  
(3) The cost of producing the goods must include the cost of each item listed in paragraph (4) 
which is provided outside of the United Kingdom in relation to the production or development of the 
goods, if the cost of the item is charged to the buyer.  
(4) The items referred to are :  
(a) artwork;  
(b) designs;  
(c) development services;  
(d) engineering work or services; and  
(e) plans or drawings.  
(5) Paragraph (3) applies to an item even if it is not intended to be used by the buyer in the 
processing, use or d isposal of the goods.  
(6) Where goods are transported by air, the cost of the air transport is the percentage of that 
cost as set out in the document, “Air Transport Costs to be included in the customs value, version  1, 
dated 27 November 2018( 13)”.  G/VAL/N/1/GBR/1  
 
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  Method 6 valuation  
126.  “Method 6 valuation” means the valuation of chargeable goods presented to Customs on 
import which is the value determined by applying :  
(a) such of the elements of valuation used in any other method of valuation in this chapter; 
and 
(b) the principles for the valuation of goods adopted by the WTO in the Agreement on 
Implementation of Article VII of the General Agre ement on Tariffs and Trade 1994( 14), as are 
reasonable to apply in order to determine the value of the chargeable goods immediately 
before they ar e released for free -circulation.  
 
CHAPTER 6  
Comparable, identical and similar goods and related persons  
 
Comparable, identical and similar goods  
127.—(1) In this Part :  
“comparable goods” means :  
(a) goods which are identical to the chargeable goods presented to Customs on import; or  
(b) where there are no such identical goods, similar goods;  
“identical goods” means those goods which are :  
(a) identical in all relevant characteristics to the char geable goods presented to Customs on 
import; and  
(b) produced in the same territory as those chargeable goods;  
“similar goods” means goods which in comparison with the chargeable goods presented to 
Customs on import :  
(a) have similar characteristics and  contain similar materials; and  
(b) perform the same or a similar function and are regarded as commercially interchangeable.  
(2) HMRC may publish a notice specifying : 
(a) generally or in relation to particular goods the matters to be taken into account i n 
determining whether or not goods are similar to each other; or  
(b) those goods which are similar to other goods.  
 
Related persons  
128.—(1) Persons A and B are related persons for the purposes of this Part in the following cases :  
(a) where B is a body corporate, A is an officer of B;  
(b) A and B are partners in the same business;  G/VAL/N/1/GBR/1  
 
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  (c) A is an employee of B;  
(d) the same person controls a business carried on by A and a business carried on by B;  
(e) A controls a business carried on by B;  
(f) A and B jointly control the business of another person; or  
(g) A is a member of the same family as B.  
(2) For the purposes of paragraph (1) : 
(a) a person controls a business carried on by another person where the latter is accustomed 
to conduct the business in acc ordance with the directions of the former;  
(b) a person also controls a business carried on by another person where the control is 
exercised through a third person who acts on that person’s direction;  
(c) where a business is carried on by a company, a pers on controls that business where that 
person holds 5% or more of the voting rights in the company; and  
(d) a business referred to is not limited to a business involved in the importation of the 
chargeable goods presented to Customs.  
(3) In paragraph (1)(g),  “A is a member of the same family as B” where a relationship exists 
directly or indirectly between A and B which arises through blood, adoption, marriage, civil 
partnership or co -habitation.  
(4) HMRC must publish a notice as to the relationships HMRC con sider fall within paragraph (3).  
 
(1) “Chargeable goods” is defined in section 2 of the Act.  
(2) See section 3(3)(a) of the Act on the free -circulation procedure.  
(3) Section 5 is amended by paragraph 6 of Schedule 7 to the Act.  
(4) See section 34 of the Act on the presentation of goods to Customs on import.  
(5) See section 16(3) of the Act for the definition of “transaction value”.  
(6) Available from: https://www.gov.uk/government/collections/customs -vat-and-excise -
regulations -leaving -the-eu-with-no-deal. A hard copy i s available for inspection free of charge at 
the offices of HMRC at 100 Parliament Street, London, SW1A 2BQ.  
(7) Defined in section 37(1) of the Act as “the World Trade Organisation”.  
(8) Available from: http://www.wcoomd.org/ -
/media/wco/public/global/pdf/topics/valuation/instruments -and-
tools/gatt/arti7_gen_agreemt.pdf?db=web . A hard copy is available for inspection  free of charge 
at the offices of HMRC at 100 Parliament Street, London, SW1A 2BQ.  
(9) “Special Customs procedure” is defined in section 3(4) of the Act.  G/VAL/N/1/GBR/1  
 
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  (10) “Chargeable goods” is defined in section 2 of the Act.  
(11) See section 3(3)(a) of the Act on the free -circulation procedure.  
(12) Available from: https://www.gov.uk/government/collections/customs -vat-and-excise -
regulations -leaving-the-eu-with-no-deal. A hard copy is available for inspection free of charge at 
the offices of HMRC at 100 Parliament Street, London, SW1A 2BQ.  
(13) Available from: https://www.gov.uk/government/collections/customs -vat-and-excise -
regulations -leaving -the-eu-with-no-deal. A hard copy is available for inspection free of charge at 
the offices of HMRC at 100 Parliament Street, London, SW1A  2BQ.  
(14) Available from: http://www.wcoomd.org/ -
/media/wco/public/global/pdf/topics/valuation/instruments -and-
tools/gatt/arti7_gen_agreemt.pdf ?db=web . A hard copy is available for inspection free of charge 
at the offices of HMRC at 100 Parliament Street, London, SW1A 2BQ.  
 
 
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