£80K Saving on Incorrect Commodity Code
Despite HMRC visiting a cotton importer, 'G' several times it was identified on an HMRC audit that the wrong commodity code had been applied and that instead of 0% duty, 8% as applicable. A bill for £80K duty was issued for the previous 3 years' worth of imports.
However, due to the specific circumstances, we demonstrated that the company had been 'misdirected' by HMRC and managed to get the bill waived – it always pays to review assessments critically!
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