If you are accounting for import VAT under the new Postponed VAT Accounting rules you will need to download your postponed import VAT statement. Be aware that you will only be able to access these statements online for 6 months, so it’s a good idea to download a copy for your records.
Supporting documents for your VAT return
If you are a UK VAT-registered business and account for import VAT on your return, the details you need to make the correct declarations will include:
- Any customs entries you have made in your own records
- Copies of your monthly postponed import VAT statement
Unless you have delayed your customs declaration, each of your statements will show the total import VAT postponed for the previous month.
How to access your postponed import VAT statements?
To access the statements, go to page Get your postponed import VAT statement on the Gov.uk website. You will need your Government Gateway user ID and password which is linked to your EORI number.
Download your postponed import VAT statements for your records
You will only be able to access your postponed import VAT statements for six months, so do remember to download them for your records. These statements will be required as supporting documentation for the declarations made on your VAT return. It is important these are retained for the same length of time as all other company records.
For further information
Check when you can account for import VAT on your VAT return
Get in touch
If you have any questions about VAT and accounting for import VAT on your return, please do not hesitate to get in touch with your regular contact at CB Reid. We would be happy to help.