Imports ― overview

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

Brexit

Imports ― overview

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

Brexit

This guidance provides an overview of VAT and imports of goods into the UK.

For information about the VAT rules in each EU country, please refer to the VAT in the EU guidance note.

In-depth commentary on the legislation and case law on imports of goods can be found in De Voil Indirect Tax Service V3.301.

What are the main VAT considerations when importing goods?

There are a number of key VAT areas to consider when importing goods. The table below summarises many of these, and also links to more detailed guidance on each of these subjects:

Area to consider	Description	Guidance
Place of supply of goods	For VAT purposes, it is very important to consider the ‘place of supply’ of a transaction, as only supplies made in the UK are subject to UK VAT (although note that import VAT can still be due in respect of non-UK supplies)	Place of supply of goods
Meaning of import	A business needs to know whether something is an import for VAT purposes or not	Imports

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Owner-Managed Businesses

Special rate pool and long life assets

Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool

14 Jul 2020 13:41 | Produced by Tolley Read more

Employment Tax

Long service awards

Long service awardsEmployee recognition by an employer can be an important motivational tool, as well as having a positive effect on retention. Most employer awards made to an employee are treated as taxable earnings under ITEPA 2003, s 62 or as a benefit under ITEPA 2003, s 201 because they are

14 Jul 2020 12:11 | Produced by Tolley Read more

Corporation Tax

Computation of corporation tax

Computation of corporation taxCompanies pay corporation tax on the taxable total profits (TTP) generated in a chargeable accounting period (CAP).To ascertain whether the entity is within the charge to corporation tax, see the Charge to corporation tax guidance note.For more information on the type

14 Jul 2020 11:16 | Produced by Tolley Read more

UU��ֱ��

Imports ― overview

Imports ― overview