HMRC have updated their guidance Understanding your monthly postponed import VAT statements.
“Find out how to understand and use the information on your monthly statements, if you use postponed VAT accounting to account for import VAT.”
Information about issues with duplicated entries has been added.
https://www.gov.uk/guidance/understanding-your-monthly-postponed-import-vat-statements
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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.
