Our business is based in Canada and we were registered for MOSS before Brexit. UK left the scheme just before we remitted our first VAT payment, so we ended up still holding the VAT collected. We then paid all our EU VAT through OSS scheme.
Our company is no longer operating as we have moved operations to another company, but we are still holding the VAT collected from VAT MOSS. We would like to solve this issue but both HMRC and VAT OSS are unable to accept the payment. VAT OSS stated that they are no longer part of the scheme in UK and HMRC mentioned that we do not meet the registration threshold.
Please can you advise how shall I proceed with the VAT?
I understand that The Government has no current plans to apply an excise duty to non-tobacco nicotine or vaping products. Non-tobacco nicotine and vaping products are currently subject to the standard rate of VAT at 20%. Medicinally regulated products are subject to the reduced rate of VAT at 5%. I am wondering what are the restrictions when importing E-cigarettes/ vaping products into UK?
May I confirm if HMRC will issue any overpayment VAT a refund automatically or by request? Can the overpayment be used as a credit for the next VAT return?
Can I also request a VAT account statement from HMRC? If so how can I do that?