{"@context":"https://schema.org","@type":"DefinedTerm","name":"import VAT deferral","description":"An import VAT deferral allows VAT-registered businesses to account for import VAT through their periodic VAT return rather than paying it at the point of customs clearance. The tax liability arises with the import itself, but settlement is deferred – typically to the due date of the next return cycle, where it can be offset against output VAT on domestic sales. For high-volume importers, this significantly improves working capital by eliminating the lag between tax payment and its recovery. Elig","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/import-vat-deferral-2","inLanguage":"en","dateModified":"2026-06-26T17:24:19.283797","citation":"https://www.gov.uk/guidance/postponed-import-vat-accounting-piva","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/import-vat-deferral-2","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"import VAT deferral · An import VAT deferral allows VAT-registered businesses to account for import VAT through their periodic VAT return rather than paying it at the point of customs clearance. · Quelle: https://www.gov.uk/guidance/postponed-import-vat-accounting-piva"}