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Post Info TOPIC: IMPORT VAT
TW


Newbie

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IMPORT VAT
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My company is importing electronic devices from our customers outside the EU, reliability testing them in our UK lab, then sending them back to the customer or onto another testing house either in the EU or Asia.  When we import the goods we are paying VAT because we can't put them on a temporary import as we never know how long they are going to stay with us for testing and if they will ever be sent back!  Can we claim back the VAT from our C79?  I'm confused because although the devices are for use in our business, we don't actually own them  no

If anyone can help me with this issue I'd be grateful!!



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YLB-HO


Guru

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Posts: 715
Date:
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You can claim the VAT back simply because you are paying the VAT and are VAT registered.

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Frauke
BKN Book-keeper of the year 2011
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