
Who is paying for the shipment and applicable taxes.The reason that you’re shipping the items.
How to classify your goods and thus apply the applicable duties and taxes to your package.
Where the package came from and where it’s going. It allows customs authorities to understand: What is a commercial invoice and what is it used for?Ī commercial invoice is an important shipping document containing information about the goods you plan to send. How Brexit affects commercial invoicing. How to avoid common mistakes when filling out your commercial invoice. What is a commercial invoice and what is it used for?. In this guide, we’re going to dive further into exactly what a commercial invoice is, when and how to raise one correctly and how Brexit may affect your export activities. So, how can you ensure your commercial paperwork is in tip-top shape and your customers receive their goods in the agreed timeframe? Why? Because a commercial invoice outlines the details of the transaction between seller and buyer and is meticulously analysed by customs officials to control imports and ensure the right amount of tax is paid.Ĭomplications from inaccurately completed commercial invoices can result in delays, cancelled shipments or legal ramifications.
This means accurately filling out a commercial invoice, which is regarded as the most important legal document surrounding international trade. Naturally, you want the process of shipping your products to your overseas customers to run as smoothly as possible. Making your goods available internationally is an exciting milestone.