Customs Debt Liability
· WOWERI
If you underpay import or export duties, you may face a customs debt. Learn who is responsible for the debt and how to avoid penalties.
Customs Debt Liability: What it is and Who is Responsible
A customs debt occurs when you underpay import or export duties. According to the UK Government guidance, the responsibility for the debt lies with the importer or exporter.
What Happens if You Underpay Duties
If you underpay duties, you will need to pay the difference, as well as penalties and interest. Failure to pay customs debt can lead to penalties and even legal action.
How to Avoid Penalties and Interest
To avoid penalties and interest, it is essential to accurately calculate import or export duties. You can consult a customs broker or a lawyer specializing in customs law.
What to do next
Source: gov.uk