HMRC guidance on recovery of import VAT may require businesses to change existing import practices

HMRC has issued R&C brief 15/2020 clarifying their views on the entitlement to recover import VAT.

HMRC announcement on dealing with import VAT on goods imported by those not owning the goods

HMRC has issued a business brief (Brief 2/2019) indicating it has become aware of incorrect VAT procedures being operated at import, by those not owning those goods.  This will affect toll operators and those who sell goods just before they...

HMRC announces interim Transitional Simplified Procedures for Customs

In a move to ease business fears over a no-deal Brexit, HMRC have  announced an EU trade simplification which goes further than its initial proposal on ‘postponed Import VAT accounting’ – which would have seen import VAT deferred for all...