Imports: VAT
Commons · Question 8654 · Tabled 10 Jun 2026 · Treasury · Official record
Answered 17 Jun 2026
Question
Asked by Ben Lake
To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 May 2025 to Question 51908, whether she has made an estimate of (a) the cash-flow to the Exchequer of withdrawing postponed VAT accounting for imports, including the interest foregone on
Answer
Answered by Dan Tomlinson, 17 Jun 2026
Postponed VAT accounting provides significant support for businesses, helping to manage cash flow and facilitate imports. HMRC undertakes regular operational work to ensure compliance with the rules around postponed VAT accounting. The VAT gap has reduced...