Postponed VAT Accounting 2021
In this week’s Annual Budget, the government has confirmed UK Import Postponed VAT Accounting (PVA) is to be introduced for all imports on 1st January 2021. The government wants to make the most of the opportunity of leaving the EU to make our VAT and excise system more business-friendly, while continuing to recognise the significant contribution of VAT and excise towards the public finances. The Budget meets the government’s commitment to review the alcohol duty regime to en
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