Question about Importing Clothes & VAT

E

emermc40

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