Imports: VAT
Commons · Question 8655 · Tabled 10 Jun 2026 · Treasury · Official record
Answered 17 Jun 2026
Question
Asked by Ben Lake
To ask the Chancellor of the Exchequer, if she will commission the Office for Budget Responsibility to undertake an independent assessment of the fiscal impact of (a) withdrawing postponed VAT accounting for imports and (b) requiring payment of import VAT
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...