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VAT Deferment Settlement | Freight-Academy™

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GlossaryEN1 min readUpdated: Jun 18, 2026

VAT Deferment Settlement

At the end of each accounting period—typically once a month—an importer holding an approved deferment account calculates the total import VAT accumulated during that period and settles it with the tax authority in a single payment.

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At the end of each accounting period—typically once a month—an importer holding an approved deferment account calculates the total import VAT accumulated during that period and settles it with the…

This VAT deferment settlement mechanism allows businesses to import goods throughout the period without paying duty at the point of each entry, which directly improves cash flow.

Settlement must be made in full by the due date; late or incomplete payment can lead to suspension of the deferment facility.

Last updated: 18 June 2026Published: 27 January 2026

Source: https://ec.europa.eu/taxation_customs/business/vat/index_en.htm

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VAT Deferment Settlement

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Definition & Explanation

At the end of each accounting period—typically once a month—an importer holding an approved deferment account calculates the total import VAT accumulated during that period and settles it with the tax authority in a single payment. This VAT deferment settlement mechanism allows businesses to import goods throughout the period without paying duty at the point of each entry, which directly improves cash flow. Settlement must be made in full by the due date; late or incomplete payment can lead to suspension of the deferment facility. For freight forwarders declaring on behalf of clients, accurate record-keeping of every transaction posted to the account is essential.

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Recommended format: Source: Freight Academy – VAT Deferment Settlement (https://www.freight-academy.com/en/glossary/vat-deferment-settlement), accessed 2026-09-27
APA style: Freight Academy Editorial Team. (2026). VAT Deferment Settlement. Freight Academy. https://www.freight-academy.com/en/glossary/vat-deferment-settlement
BibTeX: @misc{vatdefermentsettlement2026, title = {VAT Deferment Settlement}, author = {{Freight Academy Editorial Team}}, year = {2026}, url = {https://www.freight-academy.com/en/glossary/vat-deferment-settlement}, note = {Freight Academy, accessed 2026-09-27} }

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