postponed import VAT statement

[Csills73]

Hi Everyone,

I am wondering if anyone knows what I have to do with the ‘Monthly postponed VAT statement’ that I received from HM Revenue & Customs. The Fedex ‘Duty & Tax invoice’ that belongs to the statement only shows disbursement fee and original duty but no VAT. Do I have to record the VAT which shows on the ‘Monthly postponed VAT statement’ anywhere?



Also, we’ve just received another invoice from Fedex which is a ‘Duty & Tax Cash Invoice’. This invoice shows a direct payment processing fee, cash duty and cash VAT. I assume the VAT on this bill can be put through the purchases VAT on sage which can be claimed back and probably we will not receive a ‘Postponed import VAT statement’ for this.



Sorry I’ve never come across or dealt with import before.



Many thanks

 

[Customs Geek]

Hi

You get your postponed vat statement from your financial dashboard on your company government gateway account.

www.gov.uk/guidance/get-your-postponed-import-vat-statement

You need to follow the instructions on how to enter the amounts on your vat return here.

www.gov.uk/guidance/complete-your-vat-return-to-account-for-import-vat

If this method has been used The FedEx invoice won’t have any vat on it as no VAT has physically been charged.

If you have physically paid import VAT then you will get a C79 statement of VAT payments also from your government gateway account.

www.gov.uk/guidance/get-your-import-vat-certificates


Again the figures from the C79 are put on your VAT return.

You should not use the FedEx invoice VAT amounts to enter on your VAT return. HMRC usually only accept the figures from either the C79 or PVA statement .

 

[Csills73]

Many thanks for your reply, it is really helpful and I really appreciate it.