Commentary

V7.251 Postal imports

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.251 Postal imports

Part V7 Tax planning | Commentary

V7.251 Postal imports

Where a VAT registered business imports good by post there are now two ways of dealing with the VAT payable:

  1.  

    •     where the import value of the goods is less than £873, the business will be asked to pay the VAT by Royal Mail or Parcelforce and they should retain the Customs charge label as evidence in support of any claim for an import tax refund, and

  2.  

    •     where the import value of the goods exceeds £873, a separate import (SAD) or C88 entry is required. The entry can be used as evidence to reclaim

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