Brexit: Accounting for Import Tax on Your VAT Return

From 1 January 2021, if your business is registered for VAT in the UK, you'll be able to account for import VAT on your VAT Return. Postponed accounting will be introduced to allow to a phased implementation of the customs declaration until 30 June 2021. This would mean that when the goods enter the UK, you … Continue reading Brexit: Accounting for Import Tax on Your VAT Return