As of 1st January 2021- the end of Brexit transition period – VAT registered businesses that import goods into the UK from anywhere in the world can use a new system called Postponed VAT Accounting (PVA). This allows them to account for the VAT on their VAT return, rather than paying it on goods arrival in the country.
If you are importing with us, all you need to do, is to provide us with your authorisation to declare your goods using PVA. This will then allocate any payable import VAT to your VAT number within your VAT return. Any duty payable will be paid as normal using our or your deferment account. If we don’t get your authorisation VAT will be declared at the point of goods’ entry to the country.
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