Guide

How to value your imports for customs duty and trade statistics

Other methods of calculating import value

There are six methods for calculating the value of imported goods to assess the amount of customs duty and import VAT you have to pay. The same value is also used for trade statistics. Read more about the main method of calculating import value.

All six methods are outlined below and should be tried in order. If Method 1 doesn't apply to you, try Method 2. If that doesn't apply, try 3 and so on. However, Method 5 can be tried before 4.

The six methods of calculating import values

  Calculate on the basis of... Try the next method if...
Method 1 the transaction value - the price payable to the seller there has been no sale of goods
Method 2 the customs value of identical goods, produced in the same country as your imports there are no identical goods
Method 3 the customs value of similar goods, which must be:
  • produced in the same country
  • able to carry out the same tasks
  • commercially interchangeable
there are no similar goods
Method 4 the selling price of the goods (or identical or similar goods) in the European Union (EU) there are no EU sales of the goods
Method 5 the production cost of the goods, including the cost of any materials, manufacturing and any other processing used in production this production cost information is unavailable
Method 6 reasonably adapting one of the previous methods to fit unusual circumstances N/A

Read more about how to import value calculation methods.

The two schemes below apply specifically to fruit and vegetables. However, only one of the two may be used and this will depend on a number of factors including the type of produce, the method of import, and the time of the year.

Simplified procedure values (SPVs)

SPVs are customs values based on prices obtained daily from designated marketing centres within the EU. The average prices are published fortnightly and can only be used for whole fruit and vegetable produce, of a single kind, imported on a consignment basis. If the imported goods have been the subject of a sale between a buyer and seller, and thus have a transaction value, the SPV system cannot be used to determine a customs value. You must use Method 1 and the actual transaction value for that particular importation.

As an alternative to using the SPV system, you can use Method 4b for goods imported on consignment.

SPVs apply to whole fruit and vegetables, not produce that has been cut and diced.

Standard import values (SIVs)

SIVs is an entry price system that can also apply to named fruit and vegetables during defined periods of application. You can find further details in the Customs Tariff, Volume 2, Section 11 or download the Annex to Regulation 1580/2007 (PDF, 642K) to find the periods of application.

Updated daily, SIVs set a standard price per 100 kilograms net.

For more information, call the HMRC VAT Helpline on Tel 0300 200 3700.