VAT Representatives Explained
From 2018, the HMRC began to gradually implement the joint and several liability policy of a VAT representative, and strengthened VAT collection efforts and measures to overseas online selling traders. Recently, some sellers have received inquiries about...
SIVA: How To Use Simplified Import VAT Accounting To Make Brexit Easier
Our last article outlined how you can use the Import VAT and Duty Deferral scheme to make it easier to pay your VAT when importing after Brexit. However, one of the limitations of the scheme was that you needed a guarantee from your bank or building society in order...
Import VAT & Duty Deferral Scheme: What It Is And How To Use It
From the beginning of next year, it will be possible for importers (or those who represent importers) to use a VAT and Duty deferral scheme in order to postpone their payments of VAT and Duty. The scheme also allows importers to pay the VAT/Duty of all consignments...
