HMRC have issued a new brief reconfirming HMRC’s view that only the owners of goods should import goods into the UK, and reclaim import VAT. This makes clear HMRC’s policy applies to a wide range of supply chains beyond toll manufacturing arrangements. This guidance should be reviewed by anyone importing goods – including those restructuring their arrangements or who will be newly importing goods from the EU as a result of Brexit. More detail is set out below.
Source: Baker McKenzie on lexology.com