HMRC Updates Import VAT Guidance: Written Instructions Required for Postponed Accounting

• HMRC updated guidance on import VAT accounting for businesses using third parties to import goods.
• Applies to businesses using freight forwarders, customs agents, brokers, or express operators for UK imports.
• Importers must inform agents in writing if they want to use Postponed Import VAT Accounting (PIVA).
• Written confirmation is required before agents can proceed with import declarations.
• PIVA allows businesses to pay and reclaim import VAT on the same VAT return.
• Businesses must be VAT registered and have an EORI number to use PIVA.
• Industry standards require agents to obtain written instructions from importers.
• Businesses should review their files and ensure standing instructions are in place with agents.
• New importers should provide written instructions to agents, who can offer templates.

Source: saffery.com

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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