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Where Taxpayers and Advisers Meet

VAT return and import VAT.

Vat Info
Posts: 3
Joined: Thu Apr 09, 2015 5:12 pm

VAT return and import VAT.

Postby Vat Info » Thu Apr 09, 2015 5:36 pm

Hi

Question about VAT return and import VAT.

I have imported some goods to the UK and this has arrived, and duty and VAT have been paid.

As the goods were in transit for a while, I was hoping that they would arrive before the end of the 1st quarter VAT period, 31/3/15.

They did not, arrived just inside the 2nd VAT quarter 6/4/15. (freight forwarder invoice date for the duty and VAT)

Question is, can I claim the VAT back in the 1st quarter return (as the goods were in -transit), or do I have to wait 4 months to claim the VAT
back on the 2nd quarter return (31/7/15)?

The reason I ask is because it's a few grand and could do with this now for my business.

Thanks

les35
Posts: 552
Joined: Wed Aug 06, 2008 3:09 pm

Re: VAT return and import VAT.

Postby les35 » Fri Apr 10, 2015 9:06 am

No, the key document is the C79 form, which shows the VAT in import. Unless that is dated on or before 31 March 2015, you cannot claim it on the P03/15 Return. But presumably your next quarter is to 30 June 2015?

Vat Info
Posts: 3
Joined: Thu Apr 09, 2015 5:12 pm

Re: VAT return and import VAT.

Postby Vat Info » Fri Apr 10, 2015 7:09 pm

...I thought as much, thanks


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