Also in the news...
Support package worth over £500 million from the UK government unlocks new markets for exporters in the high-growth region
How you import from and export to Japan.
Looking for a new start this year? At Charterhouse Lombard we put together the best offers from free zones around the country to find the right match for you.
The groups were established in July 2020 to meet the requirements of the Department for International Trade’s (DIT) trade negotiations.
Check the availability and any issues affecting the Customs Declaration Services.
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.