E-commerce sellers are specialists at branding, engagement and technology. The logistics and regulatory demands of actually shipping your goods to global markets adds a whole new layer of complexity. But that doesn’t have to hold you back. Vatglobal’s UK Freeway is a complete solution for any business seeking to import into the UK as efficiently and affordably as possible. We manage the complex bureaucracy – including import VAT and special import mechanism – so that you can focus on growing your core business.
Significantly, our specialist VAT team will work to ensure you never have to pay import VAT when your goods enter the UK. That’s a considerable liquidity advantage, especially if you ship high value goods.
Overcoming import VAT
Import VAT is due on all goods shipped into the UK. (Following Brexit, import VAT also applies to goods imported from the EU.) However, importers can apply to defer their import VAT, using a system called postponed VAT accounting.
Postponed Import VAT Accounting (PIVA) lets you account for import VAT on your VAT return, rather than paying at the point of entry. As you account for VAT at the point at which your VAT reclaim would be due, you do not have to make an actual physical payment.
However, the import VAT deferment is not automatic. You need to be VAT registered and you need to apply for postponed VAT.
Vatglobal’s expert VAT team will manage every part of the process for you. We’ll register you for VAT, and ensure you remain VAT compliant on an ongoing basis. (That includes calculating and filing your VAT returns.) We will also leverage postponed VAT to ensure you never need to suffer the cash flow crunch associated with import VAT.
VAT is just one element of the import procedure. Vatglobal will also secure you with a valid EORI number and assist you with the all complexities of the customs process.
Vatglobal UK Freeway: A solution, not just a product
If you ship to the UK, Vatglobal’s UK Freeway is the simplest and most efficient way to manage the process.
The Vatglobal UK Freeway is a UK import solution, not merely a set of services. Your dedicated account manager is on hand to provide ongoing support. And Vatglobal’s world class VAT team is always available to provide strategic guidance and resolve even the most complex import issues. Get in touch to find out how we can optimise your imports.