I have a client who imports from China, and I need confirmation on the VAT category for the following:
how do I record the postponed import VAT on Quickfile if I have no invoice from the shippers as shipping was paid for by China
China then have invoiced the company for the import
This question is better aimed at your accountant to make sure that you are reporting correctly.
As I am not a qualified accountant I wouldn’t like to give you incorrect advice
I do a small amount of import from China – this is what we do < but as per QFBeth I am not a qualified accountant I wouldn’t like to give you incorrect advice so do check with your accountant.
I don’t understand the “postponed” part of the question – but this is my understanding
- You will need a valid invoice to clam VAT or any Kind , and that must have a UK VAT number
- China do not charge any VAT – all good are sold NET its all T0
- The good will ship by FedX DHL other agent etc – once in the UK they will do the customs and VAT clearance and send you the invoice for Duty & VAT on there import account, this is the invoice you can use to claim any VAT .
- If FedX DHL other agent did not send you a Duty & VAT invoice you have no VAT to claim. Sometimes they don’t on small imports, but it can be a few weeks before you get the invoice. Other times that want payment upfront – pot luck .
VAT and Duty is a UK Government side of the transaction , you should not be charged this buy the non UK supplier , its calculated on landing in the UK as the VAT is on a total value of Goods on the Airwaybill not the invoice -
The only other option is that the supplier is UK VAT Registered, then its simple they must issue a VAT invoice but that’s unusual
Hope this is of some help