VAT Deferment of tax takes place at the time of import. According to the provisions of the Act, those persons that have obtained this facility can make imports without paying VAT at the time of import.

If you’re a regular importer, it’s possible to defer paying import duty and import VAT by setting up an account with HM Revenue & Customs (HMRC). The advantage of this is that you can put off payment by an average of 30 days and your goods will normally be cleared for release more quickly.

It is much preferable for Every company registered under TIEP I, TIEP IV, IG, Entrepot or INFAC Scheme to have VAT Deferment facility since all the importation happens with import duty concessions. Once the VAT Deferment facility is in place it is necessary to renew this facility every year prior to the regulations imposed by the customs and the inland revenue department.

There are a few special requirements that a business need to navigate, however generally speaking we can have your work completed right way, subject to meeting all the customs requirements. We can also provide a comprehensive range of related services tailored to your specific requirements and business objectives. We pride ourselves on making things efficient, affordable and easy to understand and we look forward to supporting your business in any way we can.

We recommend getting in touch with us in the first instance to discuss your requirements. We can then provide an overview of our services and our schedule of fees for you to consider.