My companies import from many overseas markets, including the EU Member States, and our finance team handle import VAT under the postponed VAT accounting (PVA) scheme. We issue instructions to freight agents and clearing agents requesting them to enter the duty against our duty deferment account (DDA) and to put the VAT to PVA. However, 40% of our imports still have the agent declaring VAT to the deferment account, meaning we need two different systems for accounting for import VAT. Can we reject an incorrect import entry and get the agent to amend the VAT payment to PVA?

Want to read more?

This content requires a Croner-i subscription.

No Subscription?

;

Contact us to discuss your requirements.

Book a demo
Call an Expert:

0800 231 5199

Talk to us on

live chat