Indirect tax deadlines

EU VAT refunds
Deadline for action: 30 September 2018

Issue: Businesses registered in the UK that incurred EU VAT during 2017, have until 30 September 2018 to submit VAT reclaims. A European VAT reclaim scheme allows VAT registered UK businesses to recover VAT on goods and services incurred within the EU. The deadline for submission of claims relating to most EU countries is 30 September. 

Action: A number of eligibility rules apply, but potential claimants should identify all EU VAT incurred during 2017. Claims must be submitted in an electronic format; UK businesses are therefore required to register for the scheme via the HMRC Government Gateway. Although quarterly claims can be made throughout the year, the final claim should include all expenses that may have been overlooked during the year.

Fulfilment house due diligence scheme
Deadline for action: 30 September 2018

Issue: Businesses that store goods in the UK for sellers established outside the EU may need to apply for registration under the fulfilment house due diligence scheme (FHDDS). The FHDDS applies to businesses that store goods that: were imported from a country outside the EU; are owned by, or stored on behalf of, someone established outside the EU; and, are being offered for sale and haven’t previously been sold in the UK. Businesses that only store or fulfil goods that they own or that are not imported from outside the EU are not required to register, nor are transport businesses that need to store goods temporarily as part of their service.

Action: To avoid penalties, fulfilment businesses that started trading between 1 April 2018 and 30 June 2018 must register by 30 September 2018. Fulfilment businesses starting from 1 July 2018 must register by the later of 1 October 2018 and the date they commence trading.

For more information please get in touch with Ian Carpenter, or your usual RSM contact.