Residential SDLT is set to become more complex from 1 April 2021 with the planned introduction of the new 2% surcharge for non-UK resident purchasers of…
On 1 January 2021, Import VAT in the UK underwent two significant changes:
- Purchases from the EU now attract Import VAT (and Duty) and are no longer accounted for as Acquisitions
- Postponed Import VAT Accounting (PIVA) is now available for imports from any country – however there are several steps that must be taken to benefit
This factsheet takes you through the steps which must be taken to benefit from PIVA.
If you have any questions about import changes or signing up to PIVA, please contact us at email@example.com