What’s PVA ?
PVA (Postponed VAT Accounting) is a UK VAT scheme that allows businesses within the UK to defer their VAT payments for imported goods until their VAT return is due. This means that businesses do not have to pay VAT immediately upon the arrival of the goods in the UK but can defer payment until they submit their VAT return.
What’s the advantages for using PVA ?
By using PVA, businesses can reduce their cash flow burden as they can defer their VAT payments to a future date. Additionally, PVA can also reduce transaction costs for businesses at customs as it eliminates the need for VAT payment, thereby lowering customs agent fees.
Any matters needing attention ?
It is important to note that PVA only applies to businesses within the UK and not to businesses outside the UK. Additionally, businesses must have registered VAT number and comply with relevant VAT regulations and pay VAT correctly during their VAT return.
How to process it ?
Our company provides one-stop services, including goods transportation, clearance procedures, VAT deferment clearance, tax declaration, and more. We have a professional team that is familiar with the tax systems and regulations in China and the UK. We can provide the most optimized solutions and services to minimize financial and operational pressures for our clients.