Commentary

V7.250 Imports—evidence for deduction of import VAT (Form C79)

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.250 Imports—evidence for deduction of import VAT (Form C79)

Part V7 Tax planning | Commentary

V7.250 Imports—evidence for deduction of import VAT (Form C79)

Import VAT can only be reclaimed by a business that is registered for VAT in the UK. If a business is not registered for VAT (for instance, because it trades below the VAT registration limits or because it is involved in making exempt supplies), then there is no scope to reclaim input tax.

Equally, input tax can only be reclaimed by a VAT-registered business if the goods are to be used to make taxable supplies and if adequate evidence is held to support the claim.

Weekly deferment statements issued by HMRC is not

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