FOLLOW US
BY:
SHARE:
Some importers have reported an inability to access their monthly import VAT statements , particularly for the March reporting period.
HMRC have indicated that March reports should be available by 28th April, 2022.
Further information is below, including a link to the guidance.
If you cannot access your statements
We are aware that some importers are having problems when trying to access statements to account for import VAT on VAT returns, particularly in March 2022.
We are working urgently to resolve this issue and expect to have March statements available from Thursday 28 April.
You can estimate your import VAT figures for the months you cannot access statements for.
Your estimate should be as accurate as possible, based on the amount you’ve paid for the goods and any other costs you agreed to cover.
For example:
- packaging
- transport
- insurance
Your estimate can include any customs duties due on the goods, but it does not have to do so.
Once you can access the service and get your statement, you’ll need to make an adjustment to reflect the difference from your estimate, and account for this on your next return.
A link to the guidance is below:
https://www.gov.uk/guidance/complete-your-vat-return-to-account-for-import-vat#access
OneCall™ Email assistance as and when required; A one-call solution for all your import, export and customs enquiries. Export help. Import help. Customs help.
Stay informed about customs and international trade matters by subscribing to our OneCall™ service. This comprehensive offering includes a dedicated email helpline for support, timely practical updates direct to your inbox (Did You Know?), monthly UK Customs & Trade Briefings and access to an interactive members' area with an exclusive community for our subscribers.
International Trade Updates & Spotlight Newsletter
Subscribe to our free information emails covering international trade topics...
MORE INDUSTRY INSIGHTS...
