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The Control and Facilitation of Imports

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Release : 2008
Genre : Business & Economics
Kind : eBook
Book Rating : 272/5 ( reviews)

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Book Synopsis The Control and Facilitation of Imports by : Great Britain. National Audit Office

Download or read book The Control and Facilitation of Imports written by Great Britain. National Audit Office. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: HM Revenue & Customs clears most imported goods quickly, and processes for submitting customs declarations and payments for non-EU imports are straightforward. The rate of physical checks at the UK border is below the EU average, however, and the number of audits of traders has dropped substantially since 2005-06. Ninety-nine per cent of declarations are processed electronically and 90 per cent of goods are cleared immediately. The Department checks documents for about 6 per cent of imports each year and aims to clear 95 per cent of these within two hours. However, a recent quality review by the Department found an 18 per cent error rate in these checks. The Department has only recently standardised the reporting of physical checks, and these reports suggest that between 2 and 3 per cent of imports get checked (The EU average is 9 per cent). The Department needs to improve its reporting, develop a standard for the minimum level of checking and undertake testing to understand compliance levels. Audits of traders fell by half for large businesses and two-fifths for small and medium businesses between 2005-06 and 2007-08. The additional revenue from this compliance work is reducing while the level of errors detected is rising, particularly among new traders. For small and medium sized businesses, the level of errors detected has increased from 32 to 39 per cent. The fragmented management of customs activities within the Department, a lack of clear accountability, and incomplete management information have hindered effective oversight of its performance and risk management.

Importing Into the United States

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Release : 2015-10-12
Genre : Education
Kind : eBook
Book Rating : 061/5 ( reviews)

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Book Synopsis Importing Into the United States by : U. S. Customs and Border Protection

Download or read book Importing Into the United States written by U. S. Customs and Border Protection. This book was released on 2015-10-12. Available in PDF, EPUB and Kindle. Book excerpt: Explains process of importing goods into the U.S., including informed compliance, invoices, duty assessments, classification and value, marking requirements, etc.

Compendium of Trade Facilitation Recommendations

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Release : 1994
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Compendium of Trade Facilitation Recommendations by : United Nations Conference on Trade and Development. Secretariat

Download or read book Compendium of Trade Facilitation Recommendations written by United Nations Conference on Trade and Development. Secretariat. This book was released on 1994. Available in PDF, EPUB and Kindle. Book excerpt:

HMRC

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Release : 2009-07-21
Genre : Business & Economics
Kind : eBook
Book Rating : 133/5 ( reviews)

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Book Synopsis HMRC by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book HMRC written by Great Britain: Parliament: House of Commons: Committee of Public Accounts. This book was released on 2009-07-21. Available in PDF, EPUB and Kindle. Book excerpt: In 2007-08, HM Revenue & Customs (the Department) processed some 22 million import declarations from 16,000 traders, accounting for over £186 billion of goods imported from outside the European Union (EU). It collected £2.5 billion in Customs Duty and £19.3 billion in Import VAT. Some 99 per cent of declarations are submitted electronically and the Department clears around 90 per cent of imports without further check beyond its initial system scrutiny. The Department provides services to help traders navigate the extremely complex classifications, rules and procedures (set by the EU), but traders find it difficult to comply, and simple errors can lead to demands for large back duty payments. The Department controls imports by undertaking documentary checks, physical checks at the frontier (now done by the UK Border Agency), and trader audits. Most effort is directed to documentary checks and trader audits, yet the number of these has fallen significantly even though the number of consignments has increased, and the rate of physical examinations of goods at the frontier was well below the EU average of 9%. The number of trader audits halved between 2005-06 and 2007-08, leading to reduced revenue from this work, while levels of non-compliance increased. The Department's management of customs work and risk assessment is spread across eight directorates and, since April 2008, the UK Border Agency. Poor management information has hindered effective oversight of performance and risk management. In 2007, the Department established the Customs Strategy Delivery Group to improve its strategic and operational management of customs activities.

Are Simplified Customs Procedures for Imports Effectively Controlled?

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Author :
Release : 2010
Genre : Customs administration
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Are Simplified Customs Procedures for Imports Effectively Controlled? by :

Download or read book Are Simplified Customs Procedures for Imports Effectively Controlled? written by . This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: Simplified customs procedures for imports are a key element of EU customs and trade facilitation policy. This report analyzes whether the two most important simplified procedures, the simplified declaration procedure and the local clearance procedure are effectively controlled in order to protect adequately the financial and trade policy interests of the EU. The report also considers whether the Commission has developed a sound control approach for such procedures and whether member states actually carry out effective controls based on such an approach.--Publisher's description.

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