When preparing to Import goods to the UK, your Customs Clearance Agents UK will advise you that your goods may be subject to import tax and duty on arrival into the UK.
When your Customs Clearance Agents UK submits the Import Customs Declaration to HMCR via the Customs Declaration Service, they will receive from HMRC the amounts for the tax and duty which is due on the goods being imported.
Once your Customs Clearance Agents UK has the tax and duty amounts, you will be able to advise how you would like to proceed with payment of the revenue.
The most common method for private individuals importing goods would be through Immediate bank transfer, your Customs Clearance Agents UK would pay HMRC directly on your behalf, and they would then invoice you for the vat and duty totals.
Alternatively, more commonly among businesses and regular traders, your Customs Clearance Agents UK will advise you that you can make payment via deferred payment, for this you would need to have a Duty Deferment account. If you wanted to do this, however, you didn’t have a duty deferment account your Customs Clearance Agents UK may allow you to use their deferment account.
Your will also advise you that you can make payment via PVA, which is the postponed vat method, this will allow the goods to clear against the business name and EORI number and the VAT would be paid on the business/companies VAT returns.
Speak with our Expert who will be able to advise you on the latest rules and regulations.
Trans Global Logistics Uk Limited , International Shipping & Logistics Company with 30 years of experience, will be able to offers several services for your Vehicle Transport / Customs Clearance / Import and UK Vehicle Registration to confidently support your shipment in either Import or Export for any type of equipment.
Contact us at Trans Global Logistics Uk Limited
Email– customs@tglog.co.uk – Phone 07833 410 281 www.tglog.co.uk