HMRC has updated its guidance on valuing goods when working out the VAT due when importing goods into the UK with a new section on moving goods into Northern Ireland.
Where businesses move goods into Northern Ireland that are ‘at risk’ of onward movement to the EU, they may have to pay the applicable customs duty.
The VAT due should be calculated on the customs value including any duties due.
Businesses should continue to work out the customs value and add the VAT value of their goods to box 22 of the import declaration as normal.
HMRC has updated its guidance on valuing goods when working out the VAT due when importing goods into the UK with a new section on moving goods into Northern Ireland.
Where businesses move goods into Northern Ireland that are ‘at risk’ of onward movement to the EU, they may have to pay the applicable customs duty.
The VAT due should be calculated on the customs value including any duties due.
Businesses should continue to work out the customs value and add the VAT value of their goods to box 22 of the import declaration as normal.
