Question about Importing Clothes & VAT

[emermc40]

Hi,

I have imported some clothes from Singapore to sell on. I have been charged through Fedex 21% VAT on the goods + 12% Duty. My question is this: can I claim back this VAT on my vat3 return?

If not, do I still have to charge the end customer 21% VAT on the clothes also?

Many thanks in advance.

 

[Beckie]

Yes you can claim vat back in next vat 3. and you charge vat as normal to your customers.

 

[emermc40]

Thanks Beckie

Here is another question if anyone would know. I use TAS accounting to keep track of all my accounts. How do I enter the customs invoice for this? For example, Fedex invoice will say something like €96 for 12% duty and €188 for the 21% VAT portion. I don't think TAS will allow you enter an invoice like that as it doesn't really add up properly iukwim?

Thanks.