Importing and selling from Germany & VAT

Accounting
1

Am I understanding this correctly?

I will be importing goods from Germany to the UK.

The manufacturer will be shipping to the UK with a zero rated invoice and I will be responsible for all VAT and duties once it enters the UK.

Some of the goods will be going to a German warehouse and for those I will receive a VAT invoice including German VAT for which I am registered.

For those German based goods I will only add the net amount of the invoice into my expenses. The VAT is refundable from sales made in Germany and has nothing to do with my UK accounting?

2

Hi @Alexandra_Wrega

It may be worth asking an accountant for help with this, just to make sure you get the correct guidance for your situation.

I’m sorry I couldn’t be of more help on this occasion.

3

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