23 November 2020 Andrea Marshall, Tax Specialist
To our members in Northern Ireland, HMRC has issued this Policy Paper How VAT will apply for goods imported into Northern Ireland from outside the UK or EU.
The key changes for universties for imports into Northern Ireland from outside the EU are:
(Please note that there is commentary within this Policy Paper on B2C movements of goods.)
TYhe goods news ios that there is some clarificaiton on Returned Goods Relief as follows:
Returned goods relief is relief from import VAT for goods returning to the UK, if they have not been modified, changed or sold. Goods must have been in free circulation and “tax paid” before they left.
Where goods meeting these conditions are returned to a Northern Ireland business that had previously exported them, returned goods relief will be available, as long as the conditions set out above are met, and that the goods had previously been in free circulation when they were exported.
Returned goods relief will be available for a further period of one year, for goods that left the UK more than 3 years before the end of the transition period and are currently in the EU subject to the same general conditions being met.