We confirm that the EU call-off stock arrangements will end on 31 December 2020.
Any business that imports goods into the UK following the end of the transition period must be registered for UK VAT to make a domestic supply, and to be able to recover any VAT.
From 1 January 2021, if your business is registered for VAT in the UK, you’ll be able to account for import VAT on your VAT Return for goods you import into:
- Great Britain (England, Scotland and Wales) from anywhere outside the UK
- Northern Ireland from outside the UK and EU
From 1 Jan 2021, UK VAT registered businesses that currently import goods from anywhere in the world will be able to use PVA. This means that in most cases these businesses will be able to simultaneously declare and recover import VAT on their VAT returns (as they do now in respect of imports of goods, known as ‘acquisitions’, from EU countries), rather than paying import VAT at, or soon after, the time that the goods arrive at the UK border.
Goods already in GB at the end of the Transition Period will continue to be subject to the current call-off stocks and consignment rules in place. These will continue to apply until the stock is called off/purchased within 12 months of the end of the transition period, or leaves GB.