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Updated Guidance on Paying Duties and VAT on Imports: Essential Information for Importers

  • HMRC has updated guidance on paying Customs Duty, Excise Duties, and VAT on imports from outside the UK
  • Options include using a duty deferment account, setting up cash accounting, and using a general guaranteed account
  • Other options include authorizing someone to use your account, making immediate payments, and using postponed VAT accounting
  • Import VAT certificate can be obtained
  • References to the CHIEF system have been removed, all import declarations must now be made through the Customs Declaration Service.

Source: deeksvat.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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