How to save Cash when Importing Goods

Postponed VAT Accounting, also known as PVA, is a method for accounting import goods VAT that was introduced in January 2021.

PVA benefits businesses by improving their cash flow, as registered UK businesses can declare and recover import VAT on the same VAT return, rather than having to pay it upfront and recover it later.

No cash is transferred, and your VAT charge is neutral (the amount you pay is compensated by the amount you reclaim).

How do I register for Postponed VAT Accounting?

If you want to use Postponed VAT Accounting you will need to register with CDS through your HMRC Government Gateway account.

Additional Information?

https://www.gov.uk/guidance/ch...