Did you know that during a customs audit, HMRC assesses duties for imports based on the actual data declared to customs, not the trader’s records?
Our client, Emma Systems, shares valuable insights on how to prepare for customs audits using real customs data.
To ensure that your records match HMRC’s data and prevent errors, you can access the same data as HMRC by requesting Management Support System (MSS) or Customs Data Service (CDS) reports from the government. These reports provide information on entry date, commodity code, customs procedure code, and value of goods and tax paid.
💡Here are some tips on how to use customs report data for self-audits and audit preparations:
– Detect missing declarations: Ensure that the number of declarations you received matches the number registered by the authorities for the same period.
– Detect inaccuracies: Check and match the data from the reports against your records, and identify any discrepancies.
Emma Systems’ E-Doc platform can help automate and speed up the process of matching your records with HMRC’s data. The platform allows you to quickly identify missing documentation, request missing declarations from customs brokers, and analyse customs data.
Remember, preparing for customs audits is crucial to avoid overpaying duties or getting entangled in costly investigations. Stay ahead by establishing routines for internal controls, self-audits, and using software like Emma E-Doc to simplify the process.
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