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 March 16:
The end date when you must account for import VAT on your VAT Return if you delay your customs declaration or use a simplified customs declaration has been changed from 30 June 2021 to 31 December 2021.
Contents
- Who can account for import VAT on their VAT Return
- When you can account for import VAT on your VAT Return
- When you must account for import VAT on your VAT Return
- Using someone to import goods on your behalf
- How to complete your customs declaration in order to account for import VAT on your VAT Return
- If you import goods in consignments valued at £135 or less
- If you import commercial goods (merchandise in baggage) into to Great Britain or Northern Ireland
- What you need to do next
Source gov.uk
Latest Posts in "United Kingdom"
- VAT Recovery Possible Without Fully Compliant Invoices if Alternative Evidence Provided, UK Tribunal Rules
- UK Tribunal Denies VAT Deductions for Construction Firm Linked to Payroll Fraud
- Restaurant Operator and Director Liable for £280,903 VAT Evasion After Tribunal Rejects Defense
- Upper Tribunal Rules Hair Loss System for Severe Baldness Qualifies for VAT Zero Rating
- FTT: Yourway Transport Entitled to Recover Import VAT on EU Drug Deliveries, Not UK or Non-EU
