is it necessary to charge vat for the clearance of imported material as such?

0 ⤊

is it necessary to charge vat for the clearance of imported material as such?

2007-03-30 23:19:09 · 1 answers · asked by marur n swamy 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

1 answers

Such as what?

Well, it really doesn't matter. If goods are imported from outside the EU, VAT will be assessed upon the higher of the declared value or HM Customs determined value. That is in addition to any customs duties that may be assessed.

2007-03-30 23:25:56 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋