how to pay import duty and vat

[han7681]

We have a shipment due to arrive in 4 days.

We are on DDU term, the agent will deal with the custom Clearance,
but we haven't got a deferment account, there will be fees using the agent deferment account?

How to pay duty and VAT without using the agent deferment account?

we are VAT registered, and The agent will provide c88 and E2.

Thanks

 

[MOIC]

Where is the shipment coming from?

Is it by air or sea?

Is it being shipped via an international courier?

 

[han7681]

hi , it is coming from the china by sea.
yes it was shipped by international courier?

 

[Mike Foulds]

Hi, if the shipment is being shipped by sea or air, you can ask the agent for a copy of the E9, which will contain the FAS reference number, along with the HMRC bank details. You can then pay HMRC directly, HOWEVER, please note, these funds need to be paid IMMEDIATELY on receipt of the information, as your cargo will sit pending until you do.

 

[han7681]

Hi Mike, Many Thanks for your help.

 

[MOIC]

Get the courier to arrange the payment. It may be false economy if you don't.

 

[han7681]

Hi, Do you mean there might be a payment problem? Does it take longer for HMRC to match the payment? Thanks

 

[Import Expert]

What size is the shipment + approx value?

 

[CHUKTC]

As Mike says - ask for the E9 and pay the taxes due direct to HMRC. It does not take longer (in fact its very quick and funds are usually cleared and the goods released within 2 hours if you pay direct using faster payment) but you MUST use the correct FAS reference and as Mike says pay immediately or you may incur delays and storage charges. Although your courrier will no doubt be happy to pay on your behalf they will charge you for the pleasure of so doing! A cost you can avoid if you pay direct - just tell your courier/clearance agent that's what you want to to.

 

[MOIC]

Given the OP’s lack of experience in importing, I would strongly advise he let’s whoever is clearing the shipment in UK to arrange payment to HMRC.