Business terms and jargon explained. Your business dictionary

What is Customs Duty

Tax Definition:-

A tax charged on goods imported into the European Union (EU). It is based on the value of the imported goods (see - Ad Valorem duty) and the description of the goods. Remember that imported goods may be liable to other charges, such as Anti-Dumping Duty (ADD) or Common Agricultural Policy (CAP) charges. They may also be liable to Excise Duty and VAT.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Non-Resident Monopoly Forfeit Floatation
Title Yearling Leasehold Deflation
Vertically integrated REDCENT Effective Exchange Rate Switch
CHIEF Working Capital Discretionary Trust Single Market
Contingent liabilities Mens rea Accrual Accounting Quant
Patentability Turnover Tenge Rainmaker
Credit World Intellectual Property Office Chair Plug Minority Interest
Loading List Accountancy Boil the ocean Contingent Beneficiaries
BIMBO Procurement Indicia Assumption
Barrister Obscuration Cost per Action Suggestio falsi

Term created / updated 2006-11-24 15:51:27

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.