Import VAT – completing the VAT return

HMRC publish guidance on “how to account for import VAT on your VAT Return if you’re using postponed VAT accounting.

This guidance has been updated as follows:

“Information about how to resolve an issue affecting declarations made on 30 December 2022 where postponed VAT accounting was used to account for import VAT has been added to the ‘How to complete a VAT Return if you’re having problems with your monthly statements’ section of the guide.”

https://www.gov.uk/guidance/complete-your-vat-return-to-account-for-import-vat?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=34d5e524-b659-4721-9371-978f572393f9&utm_content=daily

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Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.