- Posted by: Unique Forwarding
- Category: Industry News
Please see below the detailed guidance
Temporary changes to the Customs Declaration Service currency conversion and reliefs
From 1 August 2022, we will temporarily remove the requirement to use GBP currency when claiming the Negligible Value (goods under £135) and Gift Reliefs (goods under £39) on the Customs Declaration Service.
For declarants, converting foreign currency into GBP is either a manual process, or requires a system change by software developers. We understand this is taking up additional resources for businesses moving across to CDS so are temporarily removing this step
Traders must still ensure they meet all requirements including the value limit before claiming the relief. This change will remove the need for manual currency conversion while businesses focus on moving to the Customs Declaration Service before Customs Handling Import and Export Freight (CHIEF) closes for all import declarations on 30 September 2022.
As this is only temporary change, businesses should continue to make progress on developing their own solutions and processes.