HMRC has published a new VAT brief which explains how businesses can claim repayment of any overpaid import VAT paid after 1 January 2021 on imported dental prostheses, and how businesses can declare the correct VAT value for imports of dental prostheses by or on behalf of registered dentists or registered dental care professionals.
From 28 October 2021, registered dentists or dental care professionals, or those importing on their behalf, can exempt from VAT the importation of dental prostheses. HMRC will allow claims for repayment of overpaid import VAT on dental prostheses for the period between 1 January 2021 and 27 October 2021, after Royal Assent to Finance Bill 2022. Further guidance will be published at a later date providing information on how to progress claims for overpaid VAT during this period.
HMRC has published a new VAT brief which explains how businesses can claim repayment of any overpaid import VAT paid after 1 January 2021 on imported dental prostheses, and how businesses can declare the correct VAT value for imports of dental prostheses by or on behalf of registered dentists or registered dental care professionals.
From 28 October 2021, registered dentists or dental care professionals, or those importing on their behalf, can exempt from VAT the importation of dental prostheses. HMRC will allow claims for repayment of overpaid import VAT on dental prostheses for the period between 1 January 2021 and 27 October 2021, after Royal Assent to Finance Bill 2022. Further guidance will be published at a later date providing information on how to progress claims for overpaid VAT during this period.
