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The simple answer to this question is: yes. You are able to claim relief on Customs Duty and VAT if you’re importing capital goods.

What are capital goods?

If you decide to move a business to the UK from another country, you might want to bring your capital goods, too. These are the goods that are part of your business operations. They’re used to produce other goods, rather than being made available for sale to customers.

Am I eligible to claim for Customs Duty and VAT relief if I import capital goods?

As with most things in the world of business and finance though, there are some more complex levels of eligibility. There are also some do’s and don’ts before filing any claims.

Let’s start by covering who fits under the umbrella of eligibility for this kind of relief. Because it’s a complex area, we’ve put it in list form to make it easier to follow.

You are eligible to pay less Customs Duty and VAT if you are transferring a business to the UK that:

comprehensive vat returns service

The term liberal professions usually refers to professions which are regulated by a national or governing body. They typically require rather specialist training in order to operate in that profession, for instance:

What am I able to claim relief on?

If you are eligible, you will be able to benefit from relief on capital goods and equipment, including the following assets:

What am I NOT able to claim relief on?

VAT and Customs Duty relief isn’t available for:

Eligibility for Customs Duty relief

When it comes to Customs Duty, there are few more boxes that you will need to be able to tick in order to claim your relief. These requirements say that the eligible capital goods must:

The last two points do have some flexibility if there are extenuating circumstances which makes them impossible. If you think this might be the case for you, you can contact the National Imports Relief Unit.

VAT relief when importing capital goods

If you are looking to claim relief on import VAT, your business must also:

Learn more about VAT in the UK with our free guide.

VAT Guide

If you’d like online accounting support for your business, call us on 020 3355 4047 or request a free call back.

About The Author

Stephanie Whalley

Serial snacker, compulsive cocktail sipper and full time wordsmith with a penchant for alliteration, all things marketing and pineapple on pizza.

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