The revalorisation of the euro against the pound sterling for customs purposes takes place on 1 October each year.
The revised limits affected by the 2016 revalorisation will come into force from 1 January 2017.
Who should read: Importers, freight forwarders/agents, persons submitting customs declarations, individuals receiving gifts from outside the EU.
What is it about: Annual revalorisation of the euro to pound sterling for customs purposes: changes to import VAT collection thresholds.
When effective: 1 January 2017
Extant until/Expires: Until further notice
For further information and to view the full CIP click here
Posted on Wednesday 28th December 2016