Skip to main content

Taxation: Shipping

Volume 462: debated on Friday 29 June 2007

To ask the Chancellor of the Exchequer how much revenue HM Revenue and Customs received from businesses subject to incorrect Customs procedures codes being entered on export shipments of inward processing relief goods in each of the last five years for which figures are available. (145093)

HMRC advise me that to September 2006, errors have been identified involving 484 businesses. The total revenue involved amounts to £19.7 million customs duty and £81.9 million recoverable import VAT. Of the 484 confirmed cases, 203 have been granted remission from customs duty; following a departmental review by HMRC. This has remitted 564,000 of the £19.7 million customs duty.