HMRC has published new guidance which give details of postponed import VAT on customs declarations made under your Economic Operators Registration and Identification (EORI).
The statements are used to:
account for postponed import VAT on taxpayer’s VAT return; and
use as evidence of VAT taxpayer can reclaim in line with the normal rules.
Statements are divided into two parts. Part 1 shows the taxpayer’s overall postponed import VAT activity for the month. Part 2 is Individual entries which lists individual entries under each port of entry.
HMRC has published new guidance which give details of postponed import VAT on customs declarations made under your Economic Operators Registration and Identification (EORI).
The statements are used to:
account for postponed import VAT on taxpayer’s VAT return; and
use as evidence of VAT taxpayer can reclaim in line with the normal rules.
Statements are divided into two parts. Part 1 shows the taxpayer’s overall postponed import VAT activity for the month. Part 2 is Individual entries which lists individual entries under each port of entry.
