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PKF UK and Ireland

The fastest growing major accountancy network in the UK and Ireland

A global family of legally
independent firms

Import VAT Changes Guide

30 Apr 2021

On 1 January 2021, Import VAT in the UK underwent two significant changes:

  1. Purchases from the EU now attract Import VAT (and Duty) and are no longer accounted for as Acquisitions
  2. Postponed Import VAT Accounting (PIVA) is now available for imports from any country – however there are several steps that must be taken to benefit

This factsheet takes you through the steps which must be taken to benefit from PIVA.

If you have any questions about import changes or signing up to PIVA, please contact us at customsadvice@pkf-francisclark.co.uk

The post Import VAT Changes Guide appeared first on PKF Francis Clark.



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