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How is import VAT calculated?

Olivia Clark | 2023-05-07 14:51:44 | page views：1344
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William Anderson

Works at Facebook, Lives in Menlo Park, CA
Value for import VAT. As well as using the import value to calculate the customs duty payable on your imported goods, HMRC also uses that value as the basis to calculate import VAT. Import VAT is the transaction tax levied on all goods imported into the UK from outside the EU .
2023-05-07 14:51:44
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Zoe Miller

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Value for import VAT. As well as using the import value to calculate the customs duty payable on your imported goods, HMRC also uses that value as the basis to calculate import VAT. Import VAT is the transaction tax levied on all goods imported into the UK from outside the EU .
How to value your imports for customs duty and trade statistics - GOV.UK
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