HMRC has updated the following guidance notes covering how VAT should be accounted for where businesses move goods from Great Britain to Northern Ireland:
Exemption and partial exemption from VAT: a new section has been added on the VAT treatment where businesses move goods from Great Britain to Northern Ireland and where input tax is blocked because the business is making exempt supplies. The guidance advises businesses to reattribute previously unrecovered input VAT on their original purchase in Great Britain as if the goods had been used for a taxable purchase.
How to value goods for import VAT: updated to cover how to calculate the VAT due when moving goods to Northern Ireland which are ‘at risk’ of onward movement to the EU.
Accounting for VAT on goods moving between Great Britain and Northern Ireland from 1 January 2021: revised to cover the situation where a business has control of another party’s goods and moves them from Great Britain to Northern Ireland and is required to account for VAT on the movement. The guidance notes that, where the owner of the goods has the right to recover any input tax, an import document should be issued to the owner.
HMRC has updated the following guidance notes covering how VAT should be accounted for where businesses move goods from Great Britain to Northern Ireland:
Exemption and partial exemption from VAT: a new section has been added on the VAT treatment where businesses move goods from Great Britain to Northern Ireland and where input tax is blocked because the business is making exempt supplies. The guidance advises businesses to reattribute previously unrecovered input VAT on their original purchase in Great Britain as if the goods had been used for a taxable purchase.
How to value goods for import VAT: updated to cover how to calculate the VAT due when moving goods to Northern Ireland which are ‘at risk’ of onward movement to the EU.
Accounting for VAT on goods moving between Great Britain and Northern Ireland from 1 January 2021: revised to cover the situation where a business has control of another party’s goods and moves them from Great Britain to Northern Ireland and is required to account for VAT on the movement. The guidance notes that, where the owner of the goods has the right to recover any input tax, an import document should be issued to the owner.
