Hi,
I am confused. Anybody can help with this?
My situation is as follows:
My VAT accounting period is 1 Jan – 31 March. In March I paid a deposit invoice for goods purchased from EU, applying the suggested 20% RC MPCCs code. My VAT figure is beautifully shown in boxes 1, 4 and 7.
But.. the goods will be shipped only in April, when they going to be cleared at the customs and VAT will be applied. And I will get Postponed VAT statement only in the beginning of May.
So, in my understanding, completing my VAT return (period 1 Jan – 31 Mar) as it is, import VAT figures will not be correct, as Postponed VAT statement from HMRC for March will not show any postponed amount.
Please help !
Thanks.
Inga