Customs Audit

Ensuring Control, Displaying Compliance

HMRC are putting more responsibility on traders and intend to run stricter audits with the hope of rating companies as “compliant” so they can concentrate on non-compliant companies.

How do we display control?

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Customs Audit - Basics

Display Control

Can your business display the correct levels of control over the Customs Agent, Broker or in-house resource making customs declarations on your behalf?

CUSTOMS CLASSIFICATION

Have your products been classified correctly using HS Codes to 8 & 10-digits? Have you secured & verified Binding Tariff Information (BTIs)?

CUSTOMS VALUATION

Are the Customs valuation of your products legal and in-line with UK & WTO Customs Valuation procedures?

Customs Audit - Advanced

Preferential Tariffs

Are you claiming the correct preferential tariffs & displaying correct evidence agreed under UK FTAs & the UK's GSP agreements?

Product Origin

Is your business declaring & claiming the correct product origin using WTO Rules of Origin; cumulative & diagonal?

Customs Procedures

Is your business correctly declaring products out of customs procedures, in time & with the correct CPC codes?

Let's assess Your compliance

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Falsum Customs Audit

Falsum customs audits are designed to compliment your business operating model. Our process is to collect, analyse & supplement your ongoing import & export model, so you are operating at your best & are prepared for a HMRC Review.

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    Control

    Understanding your business & controlling complex financial and regulatory processes are vital. The import/export of products is built on multiple interactions with Tax authorities. Mistakes, or lack of control, can be extremely costly for business - in fines & tariffs.

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    Develop

    Regular Customs Audits have significant advantages for business. Regular reviews of changing business circumstances can drive change & transformation; producing new responses & improved business processes. Further, Customs Audits can help to identify gaps in compliance due to new procurement or sales geographies.

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    Save Costs

    Customs Audits serve to identify areas of non-compliance *AND* areas of improvement for business. Audits can identify unclaimed Tariff Preferences, leading to duty-reclaims and cost-savings. Audits can also identify unused quota access, tariff-duty suspensions & duty drawbacks.

How do we build an Internal Audit?

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