Importing Zero Rate Items

[Billett]

Hi,

I'm looking to import a product from Norway. This is a zero rated product (food based HS 1905 90 8000). Do I pay VAT at import and claim back, then sell zero rated or will the import itself be zero rated so I don't need to claim back. The benefit of this item is it also 0% Duty so i'm assuming that I can just import it, only pay for the goods and that will be it.

 

[japancool]

will the import itself be zero rated so I don't need to claim back.

Yes.

VAT is payable at the same rate as the same type of goods in the UK, so if this is 0%, import VAT will also be 0%.

 

[Billett]

Yes.

VAT is payable at the same rate as the same type of goods in the UK, so if this is 0%, import VAT will also be 0%.

Thank you

 

[DontAsk]

That's assuming customs and excise actually get it right!

I've had VAT errors, duty errors and the wrong currency used but I am ahead of the game so keep stum.

 

[GraemeL]

I may well be out of touch, but isnt VAT still payable on the freight and insurance elements of a zero rated import?