VAT when importing and exporting goods
When it comes to importing and exporting goods, VAT can be a bit of a minefield. No matter the volume, frequency and nature of your imports and exports, it’s imperative that you understand your customs and tax responsibilities. This knowledge will enable you to send and receive cargo faster and without any unwelcome surprises.
VAT support when importing and exporting
VAT and duty procedures are highly complex and difficult to navigate, especially now that the UK has left the EU, which also impacts trade with Northern Ireland. Whether your business is importing, exporting or both, VAT and any applicable import duty will need to be charged or paid accordingly before the cargo arrives at its destination.
We’re here to make sure that you know your VAT obligations and fulfil all requirements, resulting in the smooth transportation of goods from A to B. Importing and exporting has never been simpler thanks to the family-run team of customs clearance specialists here at Relay Port Agency.
Postponed VAT accounting
We can also help you to apply Postponed VAT Accounting, or PVA, which allows a business to declare and immediately recover import VAT as part of their regular VAT returns. PVA was only introduced in January 2021, so many businesses either don’t know about it or haven’t applied it to their tax affairs yet.
The aim of the scheme is to help your business maintain strong cash flow when importing goods from anywhere outside of the UK, as import VAT needs to be paid on any imports exceeding £135. Instead of paying the charge up front, you can postpone it until your next regular VAT return.
Prevent delays when importing goods
Postpone payment of import VAT until your next VAT return
Protect your business from negative cash flow
We’re your go-to VAT authority
We’ve been helping businesses to import and export goods around the world since 1981. Our up-to-the-minute knowledge of the UK and global VAT systems is unparalleled, ensuring that you have everything you need to ship cargo quickly and effectively. Whether you’re moving goods to and from the EU or any other country, get in touch with Relay Port Agency for tailored advice and a bespoke support package.