Q&A Brexit Archives

What do I need to do to delay my customs declarations?

by Tax Consultant | Feb 21, 2021 | Q&A Brexit, Questions&Answers

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?

by Lana Johnson | Feb 7, 2021 | Q&A Brexit, Questions&Answers

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?

by Lana Johnson | Feb 7, 2021 | Q&A Brexit, Questions&Answers

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?

by Lana Johnson | Feb 7, 2021 | Q&A Brexit, Questions&Answers

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?

by Lana Johnson | Feb 7, 2021 | Q&A Brexit, Questions&Answers

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?

by Lana Johnson | Feb 7, 2021 | Q&A Brexit, Questions&Answers

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...

What do I need to do to delay my customs declarations?

Is the postponed VAT accounting available to UK-based businesses only?

Do I need a tax agent after Brexit?

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?

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?

Sometimes courier companies pay import VAT and duty on behalf of importers. Can this VAT be recovered?

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