From 1 January 2021, if your business is registered for VAT in the UK find out when you can, or need to, account for import VAT on your VAT Return (also called postponed VAT accounting).
Update Dec 22, 2020: Information has been added about accounting for VAT if you do not know the full customs value of goods and using someone to import goods on your behalf.
Source gov.uk
See also Deferral of Import VAT possible as of Jan 1, 2021. How to complete your VAT return?
Latest Posts in "United Kingdom"
- VAT Beginner’s Guide: Essential Basics for UK Business Registration and Rates
- When Do You Have to Charge Yourself VAT? Key Situations Explained
- Supreme Court Clarifies VAT Group Rules and Time of Supply Interplay
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
