What is Postponed VAT accounting?

On the 1st January 2021, the UK will leave the EU VAT scheme. This means import VAT will be charged on all applicable import shipments entering the UK. What is Postponed VAT accounting? Postponed VAT accounting (PVA) is a new tax system being implemented within the UK. If your business is registered for VAT youContinue reading “What is Postponed VAT accounting?”