VAT Filing Cut-off Issues - Invoice date vs Import Date - Postponed Import VAT

Good day Assuming my company was billed $1250 in July 2024 for hardware to be imported using PVA Assuming this was the customs value and translates to £1000. Assuming that no estimate adjustment needs to be made for the VAT as it will equal what will be reflected on the monthly postponed import VAT statement (MPIVS)- being £200 in total Assuming the company is a monthly VAT filer - monthly accoutning periods Then if the import is split half-half between July and August 2024: Assuming only £500 worth of equipment was imported in July 2024 Assuming Postponed VAT on the July 2024 MPIVS was £100 This is how we believe it should be accounted for in the VAT Return: For imports into Great Britain (GB) from outside GB, a tax point for import VAT is created at the time the goods are imported. Postponed import VAT should be accounted for in the VAT return covering the date of import (as per HMRC’s guidance in Complete your VAT Return to account for import VAT - GOV.UK (www.gov.uk) and Regulation 4 of the Value Added Tax (Accounting Procedures for Import VAT for VAT Registered Persons and Amendment) (EU Exit) Regulations 2019). Box 1 - Should be £100 (per the July 2024 MIPVS) Box 4 - Should be £100 same as box 1 Box 7 - Should be £500 since the invoice in full was £1000 but only half imported How is this practically applied in the accounting records to achieve the correct results in the VAT return - considering MTD? The question is how do we ensure the £500 is not taken to box 7 in July 2024 but taken to box 7 when the import happens in August 2024 - without changing any of the invoice date as it was actually billed in full in July 2024?

Hi Petrus,
You are correct in ststting that the tax point of the import is the date on which the goods are imported.
Therefore if £500 worth of goods are imported in July then the VAT return would be completed on the basis of the value of the goods imported in July.
The same procedure is then used for the import of the goods in August
You would need to contact the MTD software provider as regards the completion of the VAT return to make sure that it completes the return figures correctly.
Thank you.