Using Postponed VAT Accounting, import VAT due on goods arriving in the UK can be accounted for on a VAT Return rather than having to pay the VAT as soon as the goods arrive at the UK border. Postponed VAT Accounting can apply to imports from both EU and non-EU countries and in the UK it's optional on a transaction by transaction basis. Postponed VAT Accounting is used to mitigate any adverse impacts to business cashflow, keeping the process as close as possible to the previous system.

For details of how to process Postponed VAT Accounting for Great British companies, click here.

For details of how to process Postponed VAT Accounting for Northern Ireland companies, click here

For details of how to process Postponed Accounting for ROI companies, click here

More information 

• HMRC - VAT for businesses if there's no Brexit deal 
• HMRC - Urgent action required: Prepare your business for leaving the EU without a deal 
• HMRC - Prepare your business for EU Exit 

This also affects the Republic of Ireland when dealing with the UK and is optional on a company level basis. Further details can be found below: 

• Withdrawal of the United Kingdom from the European Union 
• Explanatory Memorandum