From 1 January 2021, you’ll need to make changes to how you complete your VAT Return if you’re a UK VAT-registered business and account for import VAT on your return for goods you import into: Great Britain (England, Scotland and Wales) from anywhere outside the UK Northern Ireland from outside the UK and EU.
You’ll need details of the imports to be included in the return. This will include:
- any customs entries you have made in your own record.
- copies of your monthly postponed import VAT statement, when available.
Need more information?
We offer a wide range of services for companies who work with overseas customers. Our team of chartered accountants have a wealth of experience in a broad range of sectors and can help you with the Brexit transition. Our team work hard to ensure they create smart and effective tax-efficient solutions for start-ups to optimise growth and help them succeed. If you want to learn more about how the team can help or simply want some start-up advice from a trusted accountant do hesitate to contact us. For more information please do hesitate to contact us on 0161 962 1855. Alternatively you can email us using the form below and we will contact you as soon as possible.
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