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.
References in periodicals archive ?
The MoU was signed by Eman BadrAl-Suwaidy, Director of CustomsDeclaration Management, Owner of AEO and Dr Daniel Evans, Representative of Centre for Customs and Excise Studies in the UAE.
Customs and Excise told the PAC that the total loss of excise duty on tobacco in 2003/4 was pounds 2.
Ian Wade, Customs and Excise senior business manager said: "As we approach the end of the financial year it's a good opportunity for businesses to pop to the nearest event and have questions answered.
He also claimed that he had given Customs and Excise a pledge to guard the stock, as in keeping with the law.
One of his initiatives, which I didn't touch upon, was his decision to merge the functions of the Customs and Excise with the Inland Revenue and the Immigration Service.
THOUSANDS of smuggled cigarettes were uncovered at a snack shop in the Hillfields area of Coventry during a swoop by customs and excise officers.
To help absent-minded bosses get to grips with going it alone, customs and excise have extended the VAT deadline.
BRITISH ports are being equipped with high-tech equipment to deter terrorist strikes, Customs and Excise confirmed yesterday.
For Customs and Excise to dismantle their checks at Welsh ports of entry leaves us virtually defenceless to deal with the rising number of criminals and terrorists who must view this country as a soft touch," he said.
The warning has come from Customs and Excise chiefs who have uncovered the conmen's tactics.
TELECOMWORLDWIRE-12 March 2002-Freeserve to take UK customs and excise to court over AOL VAT exemption (C)1994-2002 M2 COMMUNICATIONS LTD http://www.
The Daily Telegraph has been slammed by Federation of Wholesale Distributors director general Alan Toft for its campaign against the Customs and Excise.
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