Postponed VAT Accounting - Ireland
If you import goods into Ireland, please read the below.
What is Postponed VAT Accounting (PVA)?
The Irish government announced its Postponed VAT Accounting (PVA) scheme from 1st January 2021. Instead of paying Import VAT on goods imported into the Ireland (from any country outside of the EU) and later reclaiming this back from Revenue, businesses will be able to simply declare their import VAT in their next VAT return with a reverse charge offset. You must be VAT registered to use this scheme.
Do I need to register for PVA?
You do not need to be authorised to account for import VAT on your VAT return. You do, however need to provide any agent arranging customs declarations on your behalf with confirmation in writing that you wish to do so. Failure to give this authorisation will mean that import VAT is paid on import as normal.
Yes, I want to use PVA.
We hereby authorise Woodland Global Ltd to utilise Postponed VAT Accounting on our behalf. Our VAT number is .