# The Customs and Value Added Tax (Managed Transition Procedure) (EU Exit) Regulations 2021, Regulation 7: Obligation to account for import VAT on VAT return


P must account for and pay the import VAT on goods which comprise a relevant importation on the return that P is required to make for the prescribed accounting period in which the liability for the import VAT is incurred.

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Source: https://www.legislation.gov.uk/uksi/2021/1375/regulation/7 (the official version)
Page: https://openlegislation.uk/customs-and-value-added-tax-managed-transition-procedure-eu-exit-regulations-2021/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.