PVA – Postponed VAT Accounting

BY:

Strong & Herd
2 February 2021

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Postponed VAT Accounting – you must read this before you start.

From 1 January 2021, VAT registered UK importers who choose to use the new Postponed VAT Accounting system to account for import VAT (rather than paying it outright to HM Revenue & Customs), must first register with Customs so that the necessary Monthly Postponed Import VAT Statement (MPIVS) can be downloaded. This document explains how to register, how to declare PVA to HMRC and how to complete your periodic VAT return.


Postponed VAT Accounting Note

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