If you read the recent IES update on PIVA you will know that Postponed Import VAT Accounting is an issue for many of us in the import and export business.Here is the second instalment of answers to the questions that…
I am working with many companies on their VAT submissions and over the last couple of months have encountered a few areas of concern with Postponed Import VAT Accounting (PIVA). There are many companies that do not know that they…
What is PIVA - Postponed Import VAT Accounting? It’s a way of settling Import VAT. When PIVA was introduced nine months ago it was well received in the industry as a good solution to facilitate the border declaration process. Prior to…
From 1st January 2021 goods moving between the UK and EU will become imports and exports, and import VAT will be due on every movement. This means importers and exporters will need to be on top of their VAT. In…