VAT on imported goods. From 1 January 2021 there will be changes to how you account for VAT on goods you import, not just from the EU but from any other country. Under current arrangements where VAT applies you must usually pay it (and any duties) before the goods are released through customs. From 1 January you’ll be able to defer payment of the VAT. HMRC has published new guidance on the entries required (see The next step ).
The next step
HMRC’s guidance on accounting for deferred VAT [Weblink]