Option to defer import VAT payments until next VAT return The Slovak Republic now enables importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 July 2024. Traders are able to report the import through their Slovakian VAT return and
Import VAT payment may now be postponed via VAT return Croatia has introduced deferred import VAT from 1 January 2021. This follows most of the other 27 EU member states. Importers with a Croat VAT number may now avoid making cash payments to clear their
With the end of the Brexit transition period looming on 31 December 2020, it is important the UK and EU business prepare for the new border tax and declarations requirements. To complete declarations and tariff calculations, you will need to be able to identify commodity codes
Romania is to broaden its facility for using the reverse charge and postponed VAT accounting to avoid a cash payment of VAT on importation. The scheme will require an application for the existing deferred payment licence. Applicants must have a Romanian VAT number for at
Portugal is to enable importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 March 2018. Traders will be able to report the import through their Portuguese VAT return and reclaim relief at the same time – thus removing the
