In this week’s EU exit corner, we bring you the latest guidance updates and publications relevant to EU exit. We also update you on recent developments in relation to the Protocol on Ireland / Northern Ireland. HMRC has now published in one place a new collection bringing together guidance on customs valuation rules for imported goods and the latest FAQs on the Customs Declarations Service (“CDS”) are available.
Update on the Protocol
The Northern Ireland Protocol Bill remains at Report Stage. At the end of November, the House of Lords Sub-Committee on the Protocol on Ireland/Northern Ireland wrote to the Foreign Secretary on the Northern Ireland Protocol Bill and also published a news story on this.
The letter summarises the findings of the Committee’s inquiry into the Bill and takes account of 11 evidence sessions held in Westminster, a visit to Newry and Belfast, and nearly 40 written submissions from a range of Northern Ireland stakeholders and experts, including Chartered Accountants Ireland.
In order to inform the House’s continued scrutiny of the Bill, the Committee has requested a response to the questions outlined in the letter by 13 December 2022.
The Welsh Senedd recently voted on the Bill and did not give consent (35 votes for, 15 against) to the UK Parliament considering the provisions of the Bill which fall within the legislative competence of the Senedd.
Updated guidance on customs valuation
HMRC has published a collection of guidance on working out the customs value of imported goods. The purpose of the collection is to bring together in one place all the relevant information on customs valuation. The collection includes guidance on:-
- ·valuation methods;
- ·valuing different types of goods;
- delivery costs;
- how to calculate the import VAT payable;
- rates of exchange; and
- different types of charges and fees.
Miscellaneous updated guidance etc.
The latest guidance updates, and publications relevant to EU exit are as follows:-