Postponed VAT accounting : How it works for businesses importing goods into the UK
Postponed VAT accounting means business admin and tax must be done differently when dealing with importing. Here's what you need to know.
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On average SMEs generate an extra £278k as a result of exporting overseas1, but cross-border trade requires strategic decision making in a world of changing regulations.
If you engage in any of the following, the Sage International Trade Hub can help.
In addition, our products have tools to help you manage inventory, inter-company transactions and documents. Review the grid to see which product best meets your needs - Accounting, Sage 50 Accounts, Sage 200, Sage X3 - or reach out to our team to help guide you further via phone 0191 479 5988,or request a callback.
The landscape for international trade is changing quickly and significantly, with notable shake-ups like Brexit playing a role.
Sign up for online training to better understand steps that businesses like yours can take to be ready for the future. Register below to find out more about our training schedule when it goes live later in October.
Sage conducted a global survey with YouGov on the topic of trade. Take a look at the highlights from our research and see how you stack up against regional peers.
Postponed VAT accounting means business admin and tax must be done differently when dealing with importing. Here's what you need to know.
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Sage Legal Disclaimer
The information contained herein is for general guidance purposes only. It should not be taken for, nor is it intended as, legal advice. We would like to stress that there is no substitute for customers making their own detailed investigations or seeking their own legal advice if they are unsure about the implications of trade on their businesses.
While we have made every effort to ensure that the information provided herein is correct and up to date, Sage makes no promises as to completeness or accuracy and the information is delivered on an “as is” basis without any warranties, express or implied. Sage will not accept any liability for errors or omissions and will not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or reliance on this information or from any action or decisions taken as a result of using this information.
1Sources: Sage Powering the Nation 2019 Study; The Growth Company UK
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