Now that a Brexit deal has been reached for goods, we are pleased to note that any VAT usually payable on import will no longer be required, and can be postponed and declared on your VAT return, both as debit and credit entry such that no VAT is actually payable. This only applies to VAT Registered businesses and is still subject to normal business rules in that the goods (as for all VAT reclaims) must be for business use.
So, assuming the aircraft is a business asset, then it means there is no physical cash payment to make upon the aircraft arriving into the country, please see the HMRC extract below:-
Check when you can account for import VAT on your return VAT
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