The complexities of the UK’s indirect tax landscape can be challenging for overseas businesses to navigate when selling here for the first time. Those importing goods will need to consider Customs Duty, and the sellers of both goods and services will need to consider VAT too. VAT and Customs Duty are referred to as indirect taxes. Customs Duties are irrecoverable, whereas import VAT paid by a business can in principle, be reclaimed, but not always.
Source Forbes
