Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the factors contributing to the increase from the previous year’s collections in customs duty revenue as published in HMRC accounts for 2022–23.
As set out in HMRC published accounts, 2021/2022 total customs duty was c.£4.8billion and c.£5.5billion in 2022/2023. This represents an increase of c. £0.7billion in duty collected.
The collection of customs duty revenue depends on a range of factors, such as the customs duty rates applied, overall volumes of imports, and the value of those goods imported.
His Majesty's Government will continue to monitor the collection of customs duty revenue.