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HMRC internal manual

Guidance on the Audit of Customs Values

Assists: profit sharing

Profit sharing is where the buyer pays the seller a further sum resulting from, or to take account of, profit realised on the imported goods.

Care should be taken not to confuse this with dividends paid to the seller on an annual basis. Dividends are not to be included in the customs value (Interpretative note to Article 29.1 of the Code in Annex 23 to the CCIP refers).

However, any part of profits realised from the sale of particular imported goods remitted to the seller is to be included in the customs value

Illustrative examples of the application of ‘profit sharing’ arrangements are provided in WCO Case Studies 2.1 and 2.2.

Note: No additions shall be made to the price actually paid or payable in determining the customs value except as provided in Article 32 of the Code.