HMRC Policy paper Revenue and Customs Brief 3 (2022): postponed VAT accounting and businesses registered under the Flat Rate Scheme

This brief explains how businesses registered for the Flat Rate Scheme who are accounting for import VAT using postponed VAT accounting should account for these supplies on VAT Return periods starting on or after 1 June 2022.

You should read this brief if:

• you’re registered under the Flat Rate Scheme
• you have accounted for import VAT on your VAT Return on or after 1 January 2021

Source gov.uk