The government has announced that in a “no deal Brexit” scenario it will introduce postponed accounting for import VAT on goods brought into the UK. This means that UK VAT registered businesses will be able to account for import VAT on their VAT return, rather than paying import VAT on or soon after the time the goods arrive in the UK. This will apply for both imports from the EU and non-EU countries.

“I love what I see, help me transport cargo!”

“I love what I see, help me transport cargo!”

AEO