Imported goods require a review of customs records and VAT treatment. Differences between the importer of record, the purchaser and the TRN used can affect the reconciliation. Confirm the current official procedure for your registration status and transaction.
Practical review checklist
- Match customs declarations to supplier invoices and the ledger.
- Check the importer name and linked tax registration.
- Investigate discrepancies before finalising the VAT return.
Check the rules for your transaction
Use the current official FTA guidance and legislation and VAT public clarifications. This introductory guide does not cover every exception. Confirm the requirements for your business and the period concerned.
Need help reviewing your records?
Explore BWMC VAT consultancy or contact the team with the transaction type, reporting period and issue you need to resolve.