UK HMRC Updates Guidance on Duty and VAT Deferral

The United Kingdom’s HM Revenue & Customs on April 2 updated its notice on deferring duty, value-added tax (VAT) and other import charges. Updated sections include what can be deferred, payments, guarantees, deferment approval, procedure, statements and duty deferment approval criteria. The information in the notice had not been updated substantively since it was first issued in March 2009.