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Accounting for import VAT in the event of No Deal

Jun 21, 2019

If the UK leaves the EU with no deal, from 11pm UK time on 31 October 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border. HMRC has published guidance on this process here.

 

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