HMRC has announced that the online service it launched allowing traders to claim back VAT has now been expanded to include claiming back security deposits.
The service can be used to claim back an import security deposit or guarantee paid to HMRC for goods brought into the UK temporarily. It can be accessed here.
To use this service traders must be subscribed to the Customs Declaration Service (CDS).
Requirements
The goods must have been brought into the UK under “temporary admission authorisation by declaration” for a period of 2, 3, 6 or 24 months. Claims can be submitted at any point prior to the conclusion of this period, provided that traders have not retained possession of the goods.
The service can be used by importers, customs agents, freight forwarders or fast parcel operators acting on behalf of the importer. The service is only intended for use by businesses, not private individuals.
Benefits
Once submitted, traders can view their claims in the claims dashboard.
The service should minimise time and effort spent on claims while reducing errors. The short claim process is also more convenient and secure than emailing, or printing and posting claims. Traders can upload documents, such as invoices, to support claims.
New features
The following changes have been made since the system went live for traders claiming back VAT on CDS declarations:
- Support for new tax code types
- Full claim details available for download
- Supporting evidence can now be uploaded in Microsoft file formats
Communication
For any queries about the online service or CDS contact HMRC here.
HMRC will continue to provide updates and guidance via email. You can share your preferred email address here.
