Imported goods and VAT

Imported goods and VAT

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I am VAT registered and eceive C79's every month.

I import goods for use in my own business. Either as fixed assets or as stock for resale. I claim the VAT back on these.

I also allow some clients to use my VAT number when they import goods. I don t have any title to the goods in question I pay all charges, VAT and sometimes duty. I do not reclaim the VAT as the goods are for use in someone elses business. I recover the gross cost from clients.

Am I doing both parts correctly?

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Teignmouth
By Paul Scholes
11th Feb 2016 18:36

Not come across this before

So I don't know the rules but what is the benefit to your clients in using your VAT number to get a C79 if they are not going to reclaim VAT?  From memory, any non-registered person is not entitled to a C79 and so, as they are the importers and, presumably you are not registered as their agent, it sounds like you might be breaking a rule or two.

As I say, I don't have experience of this and so, unless anyone here knows, I'd suggest you speak to HMRC.

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