Post Brexit teething problems with import VAT

Accounting for import VAT on the VAT return, sometimes known as postponed VAT accounting (PVA), hasn’t been without its problems. We offer some practical advice. Tip 1. PVA isn’t time-limited: it’s a permanent cash flow concession, applying to EU or rest of world...

Brexit. What changes next?

Though last-minute announcements alter the timetable for import checks and controls, 1 January 2022 still sees significant new compliance requirements. Goods coming from the EU The government has decided to phase in checks and controls on imports from the EU over a...