Why are non-EU imports subject to Output VAT cash collection at the date of supply while goods from EU countries have the notional VAT recorded both as Output and Input but crutially the trader does not suffer the losss of their funds?

Why is this idea important?

In the last 3 months HMRC have deducted £290,430.62 from our Company in respective of imports from non-EU countries.

This has the effect of our Company being forced to give an interest free loan to the government which is hugely unfair.

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