Customs and Excise


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Customs and Excise

a UK government department responsible for the administration and collection of REVENUES from VALUE ADDED TAX, EXCISE DUTIES and CUSTOMS DUTIES. The department is responsible for policing and enforcing the revenue laws and restrictions and prohibitions on the IMPORT and EXPORT of certain goods, as well as for the control of smuggling. Customs and Excise also provides statistical details of taxes raised and the volume and value of UK overseas trade; these are used by the Treasury or the Office for National Statistics in compiling budget and balance of payments returns. See IMPORTING, EXPORTING.

Customs and Excise

a government agency for the collection of INDIRECT TAXES levied in accordance with appropriate rates, rules and regulations. In the UK, Her Majesty's Customs and Excise typically collects revenue from VALUE-ADDED TAX and EXCISE DUTY payable on alcoholic drink, tobacco and betting. The agency also enforces the laws regarding the import and export of certain goods, collects IMPORT DUTIES and seeks to prevent attempts to avoid paying import duties by smuggling. See also INLAND REVENUE.
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