HMRC has updated the following guidance on accounting for import VAT when businesses are not aware of the full customs value of goods and when using a third party to import goods:
Complete your VAT Return to account for import VAT: two new sections have been added to cover VAT accounting schemes and movements of goods which span the end of the Brexit transition period.
Check when you can account for import VAT on your VAT Return: updated to confirm that import VAT can be accounted for in relation to goods that are moved between Great Britain and Northern Ireland under a customs special procedure when they are removed from that special procedure. The guidance has also been updated with new sections on how to account for import VAT when taxpayers import goods for both business and non-business purposes, and on the full customs declarations which will need to be made by taxpayers where they import commercial goods (merchandise in baggage) into to Great Britain or Northern Ireland.
HMRC has updated the following guidance on accounting for import VAT when businesses are not aware of the full customs value of goods and when using a third party to import goods:
Complete your VAT Return to account for import VAT: two new sections have been added to cover VAT accounting schemes and movements of goods which span the end of the Brexit transition period.
Check when you can account for import VAT on your VAT Return: updated to confirm that import VAT can be accounted for in relation to goods that are moved between Great Britain and Northern Ireland under a customs special procedure when they are removed from that special procedure. The guidance has also been updated with new sections on how to account for import VAT when taxpayers import goods for both business and non-business purposes, and on the full customs declarations which will need to be made by taxpayers where they import commercial goods (merchandise in baggage) into to Great Britain or Northern Ireland.
