Import VAT

[Riddm]

Hi Guys,

Can someone please explain the procedure of reclaiming import VAT for this situation.

Company A based in UK has stock sitting in a central warehouse in Czech (company B). The stock is moved from company B to company C, which is a warehouse in South Africa. The stock ownership is always company A. The stock is always accounted in inventory for company A, even though it is in a remote warehouse.
Company B receives an invoice for import VAT from DHL and then recharges this to company A. Is company A able to reclaim this import VAT through their VAT return or make some sort of reclaim? Or is this an expense they will need to take.

Thanks

 

[Riddm]

Any import vat reclaiming exports about?

 

[Riddm]

Deloitte has a document on eu VAT refunds, but I can't make much sense of it. Can anyone advise on the situation?

 

[Paul Kelly ICHYB]

Where did the stock come from initially?

 

[Hash and Bash]

Would it not be better to put the imported goods directly into a customs warehouse where import duty and VAT are suspended?

 

[Riddm]

The stock initially came from Taiwan. The stock is replacement parts for in Warranty products. We move the stock from China to a central warehouse in Czech republic, where it sits. When the repair sites are low on stock and require replacement parts to fix products we then distribute the parts free of charge as they are our in warranty products.

It would not be ideal to use a bonded warehouse as we will have stock distributed from the warehouse to many different countries and could possibly sit in Czech for quite a while

 

[Riddm]

Bump,

Directive 8 eu refund, I believe is the document that will answer my question but it is flying above my head. Can anyone assist?