UK HMRC Updates Guidance on Duty and VAT Deferral
The United Kingdom’s HM Revenue & Customs on April 2 updated its notice on deferring duty, value-added tax (VAT) and other import charges. Updated sections include what can be deferred, payments, guarantees, deferment approval, procedure, statements and duty deferment approval…
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criteria. The information in the notice had not been updated substantively since it was first issued in March 2009.