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HMRC – Account for import VAT on your VAT Return from 1 January 2021

By December 24, 2020July 10th, 2021No Comments

From 1 January 2021, if your business is registered for VAT in the UK find out when you can, or need to, account for…

From 1 January 2021, 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).

The published guidance by HMRC can be found here.

 

The above information was kindly provided by Steve Botham from Covertax Chartered Tax Advisers (UK); contact: steve.botham@covertax.co.uk.