The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Please note that the procedure outlined below ceased to be applicable when the Union Customs Code was introduced on the 1 May 2016. Please see the Union Customs Code - Customs Special Procedures - authorisation and other guidance notes in the Union Customs Code subtopic for more information on the current rules.
This guidance note provides an overview of how the amount of customs duty relief is calculated and claimed on goods exported using OPR. This note should be read in conjunction with the Outward processing relief (OPR) - overview, OPR - obtaining authorisation, OPR - exporting and re-importing goods and OPR - Customs procedure codes (CPC) guidance notes.
When the compensating products are re-imported into the UK, they must be valued using the same method applied to any other imported goods. Full details can be found in the Importing goods - overview - calculating the customs valuation guidance note.
For temporarily exported goods the value will either be:
If the business exports goods which it has imported into the EU from a non-EU country, it must include any customs duty and other customs charges that are payable
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