The reverse charge mechanism for import VAT improves cash flow for importers by allowing them to avoid upfront VAT payments at customs, which they traditionally had to pay and then reclaim. Instead of immediate payment, businesses declare the import VAT on their regular VAT returns, simplifying the import process. Several European countries, including France which made it mandatory in 2022, and the UK, along with non-EU nations like Norway, offer these reverse charge schemes.
Source: eurotax.fr
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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