Also in the news...
These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner
The concierge service provides a one-stop shop to help maritime businesses interact with government departments.
British rail companies are on track for a potential export boom thanks to the UK-Australia trade deal.
How you import from and export to Mexico.
As more economies around the world open up and companies bring employees back to the office, global expansion plans that may have been put on hold last year are now taking shape. It can be challenging to know where to start, but here are some key factors to consider when expanding your operations into new countries.
Complete your VAT Return to account for import VAT
From 1 January 2021, find out how to complete your return if you're using postponed VAT accounting to account for import VAT on your VAT Return.
How to complete your VAT Return
An online monthly statement will be available to download and keep for your records. It will show the total import VAT postponed for the previous month which you should include in your VAT Return.
Due to postponed VAT accounting, there will be changes to the way you complete the boxes on your VAT Return.
Include the VAT due in this period on imports accounted for through postponed VAT accounting.
Include the VAT reclaimed in this period on imports accounted for through postponed VAT accounting.