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Postponed VAT Accounting – Issues with July 2022 Statements

On 14 July 2022, HMRC updated its guidance stating there has been a technical issue with the Postponed VAT Accounting (PVA) statements produced at the beginning of July 2022.

What is the problem?

If you import goods into Great Britain and are the importer of record, you can pay and reclaim (subject to usual input tax restrictions) import VAT via the VAT return. Further information can be found in our recent insight post.

At the beginning of each month, the PVA statement detailing the import VAT payable to HMRC relating to the previous month’s imports is uploaded onto the Customs Declaration Service website.

HMRC has issued an update stating:

“There has been a technical issue with statements produced in June 2022.”

“This means your import VAT figures may not be correct. HMRC have identified the issue and are working to rectify it.”

“You should not download or use figures on statements that were published from 4 July 2022 up to and including 8 July 2022. Corrected statements will be issued shortly and will show on your dashboard with a date later than 13 July 2022. Further guidance will be available as soon as the corrected statements have been published.”

To ensure the import VAT declared (and reclaimed) on your VAT return is correct, only use June 2022 PVA statements which are dated 13 July 2022 onwards.