As of 1 January 2022, Brexit customs arrangements will change, and this article explains what will change, as well as...
New Customs Arrangements from January 2022
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Main facts about the One-Stop Shop (OSS) scheme
As of 1 July 2021, all member states of the European Union will implement a new e-commerce VAT system which includes a...
Buying and selling goods in the EU after Brexit
Your company buys and sells goods, and your business has the opportunity to engage in business with EU customers and...
Checklist for a UK Business Starting to Trade with EU Customers in Goods and Services. Crucial Things to Consider
Our accountants have developed a 10 points list for business starting to trade with EU. GB EORI number A GB EORI...
How to deal with goods that never leave the EU
Our clients often have to deal the situation when they import goods from the EU. However, the goods never leave the...
Brexit for Exporters
Consignments that are valued over £135 Consignments that are valued below £135 OMP (Online Marketplaces) Supplies...
Brexit Handout
How to import goods from the EU into GB from January 2021 Check the main options for EU businesses who wish to import...
Helpful Links
Brexit Transition https://www.gov.uk/transition Import goods from outside the EU: step-by-step...
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VAT Registration Our experts will investigate all the possible solutions required for your business to continue...
Brexit News
What do I need to do to delay my customs declarations?
You can delay your customs declarations until the 1st of July 2021 if you are importing non-controlled goods. You can delay making your declarations to HMRC up to 175 days after you import your goods into the UK. If you choose to do so, it is important to make a...
Is the postponed VAT accounting available to UK-based businesses only?
The postponed VAT account is available to all businesses with UK VAT registration. Non-resident sellers require a guarantee.
Do I need a tax agent after Brexit?
A Fiscal Representative is a special type of VAT agent for foreign businesses with a VAT registration in another country. They are responsible for the correct calculation and reporting of VAT of their client and are the first point of call for the local tax office in...
If goods are moving between the EU and the UK, or between the EU and Northern Ireland, when are EC sales and Intrastat declarations required?
You should establish when the goods are physically located. If they physically move between the UK and the EU, they are treated as export/import. If they physically move between Northern Ireland and the EU, they are treated as intra-community movements. In such case...
How to deal with import VAT or duty on the goods which are temporary imported into the UK and then re-exported after work is complete on them?
It may be appropriate to entre such goods into inward processing procedure. See the link for more details how to reduce VAT or duty on imports.
Sometimes courier companies pay import VAT and duty on behalf of importers. Can this VAT be recovered?
Importers can recover their VAT via Box 4 in case: Normal conditions of recovery have been met. The imported goods are owned by the importer. The importer has got evidence to support their claim. This can be in the form of C79 which is normally sent to the importer...
How is import VAT paid by postponed accounting recovered?
Import VAT is recovered through VAT returns. Complete Box 4 of the return. The evidence to support your claim should be retained, although it is not clearly indicated in the HMRC website. You can check the amount of postponed VAT in your VAT statement for the previous...
How is VAT accounted for if postponed accounting for import VAT is used?
If using postponed VAT accounting, it is declared in Box 1 of your VAT return in the return of the month of import. If the goods go through special procedure, the VAT is declared in the month when the goods leave the special procedure. See the link for more information.
Do I have to use postponed accounting when importing into the UK and do I have to pay import VAT at the same time?
When importing into the UK, importers can use a mixture of payment types: at the point of import, postponed accounting and deferment account. Import declaration will show the way in which import VAT is paid. The postponed accounting is compulsory only if the deferred...
How do I determine the origin of goods for customs purposes?
You may need help from specialists to determine the origin of goods and avoid being extra-charges at the customs. Check HMRC’s guidance on checking goods.
How do I deal with VAT returns that cover the period both before and after 1 January 2021?
If the VAT return cover both before and after Brexit periods, use pre-Brexit rules for the months before 1st of January 2021, and post-Brexit rules for transactions from 01st of January 2021.