The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of how to submit the required CFSP declarations. This note should be read in conjunction with the Customs - commonly used terminology and CFSP - Authorisation criteria and conditions guidance notes.
The procedures outlined below can be used with customs warehousing. Further information on this procedure can be found in the Customs warehousing - introduction guidance note.
LCP can also be used in conjunction with PCC, TA, and IPR for example. Further information can be found on these procedures in the Temporary admission - overview, Inward Processing Relief (IPR) overview and Processing under Customs Control (PCC) guidance notes.
This may be used to:
A Declaration Unique Consignment Reference (DUCR) needs to be allocated to each consignment and this number must be included on Box 44 on the SFD and SD.
Businesses must then complete and submit a supplementary declaration (SD) for all goods cleared using SFD. This is an electronic message sent to CHIEF, containing fiscal and statistical information which enables HMRC to calculate the amount of customs duties and / or import VAT due when the goods are cleared. The SD must be submitted and accepted by CHIEF by the end of the fourth working day of the month following the acceptance of the SFD.
A list of the most commonly used CPC can be found in the CFSP
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