For both customs and import VAT purposes the importer must correctly determine the value of the imported goods for customs purposes and for import VAT. The customs value is the basis upon which duty is determined, according to the duty rate derived from the classification and origin of the goods. The value for import VAT purposes is related to, but not the same as, the customs value. Where companies are moving goods internationally between related entities, transfer pricing is an issue both for customs and for other revenue agencies, whose agendas and methods are not always easily reconcilable. 4 Eyes Ltdcan help clients to devise robust procedures for the determination and review of customs and transfer price valuations, and assist our clients in discussions with the revenue authorities to achieve the most favourable results for your business.