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    1. moorejoseph is offline

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      #1

      How to reclaim UK VAT on imports?

      Can anyone tell me how to reclaim UK VAT on imports? I admit I dont know much about this. I appreciate any suggestions you can give!
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    2. matthewwalker is offline

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      #2
      You are allowed to claim the VAT you paid for any business related things. Reclaiming UK VAT on imports is really easy. All you must do is to follow some simple steps:

      • Make sure you get the C79 certificate and save it as evidence. You will need this when you claim the VAT on imports. In case you lose this certificate you can ask for a replacement. Write to HRMC at the following address: HM Revenue & Customs; VAT Central Unit, Microfilm Section; 8th Floor, Alexander House; Victoria Avenue, Southend on Sea SS99 1AU.

      • You can claim the business goods. Make sure you specify the period when you imported the goods on the VAT return form.

      • Obtain a Customs identification number (EORI) if you plan to import goods form outside EU

      This is all you have to do in order to claim your VAT for imported goods. The rules can differ if you import goods from European Union countries or non-EU countries. It’s important to know that the goods you import from other EU countries are considered to be acquisitions and not imports. You will pay the same VAT rate as if you received the goods from another UK supplier. This is also called acquisition tax and can be reclaimed.

      If you import works of art from non-EU countries you will pay a reduced VAT rate. For goods imported from non-EU countries, the VAT is called Input Tax. You will need to have a VAT certificate. If you plan to import goods from a non-EU country temporarily you can reclaim your VAT using the Temporary Importation. Keep in mind that you should import these goods for a period of maximum 2 years.
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    3. moorejoseph is offline

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      Thanks mate! What if I want to send the imported goods from a non-EU country to an EU country? Are there any special rules for this?

    4. Thank you for this post:

      wish (24 Dec 2010)

    5. matthewwalker is offline

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      In this case you will have 2 options:

      1. Pay the UK import VAT. The next step is to place the goods in free circulation.
      2. Use the external transit (T1) arrangement.

      You can read here more details: HM Revenue & Customs: Goods supplied onward to another EU country: VAT relief

    6. camguy is offline

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      I’m still a little confused. For the things I import from EU-countries I have an acquisition tax. Can anyone explain how can I keep track for this tax?

    7. matthewwalker is offline

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      #6
      First of all you should place all the VAT details on your VAT return. Make sure you specify the time of supply. This can be the 15th day of the following month after you receive the goods. You can also use the date the supplier used for the invoice. Make sure you convert the value of the goods into sterling. If your goods have a value higher than 600,000 per year, you should complete the Supplementary Declaration. Hope this helps!

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