Import Duty

T.C.
T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
in General accounting discussion
I am not an expert when it comes to import duty, but my client is saying that he should be able to claim import duty as a VAT expense on his VAT Returns?????????????

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  • coojee
    coojee Registered Posts: 794 Epic contributor 🐘
    T.C. wrote: »
    I am not an expert when it comes to import duty, but my client is saying that he should be able to claim import duty as a VAT expense on his VAT Returns?????????????

    That's correct, provided he gets the correct paperwork from the importer. Forgotten the number of the document he needs, is it SC65? Rings a bell but could be for totally the wrong reasons.
  • deanshepherd
    deanshepherd Registered Posts: 1,809 Beyond epic contributor 🧙‍♂️
    'Fraid not.

    He can reclaim import VAT but not import duty.
  • coojee
    coojee Registered Posts: 794 Epic contributor 🐘
    deanshepherd wrote: »
    'Fraid not.

    He can reclaim import VAT but not import duty.

    Yes, sorry, brain's addled today was thinking of import VAT and confused it with the word duty.
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
    Oh that's great thanks. I have copies of the invoices with the breakdowns.

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