Obligation to account for and pay import VAT in accordance with this Part
This section has no associated Explanatory Memorandum
5.—(1) An eligible person (P) must account for and pay import VAT on goods which comprise a relevant importation in accordance with the provision made by this Part.
(2) The effect of section 16(2) of VATA 1994 (application of customs enactments)(1) is modified to the extent that this Part makes different provision for accounting for import VAT, including the timing of such accounting, on a relevant importation.
(1)
Section 16 of VATA 1994 was substituted by paragraph 13 of Schedule 8 to TCTA 2018 and previously modified by S.I. 2020/1495.