Importers not using the VAT Flat Rate Scheme
HMRC have also updated their guidance for VAT registered importers not using the Flat Rate Scheme:-
These traders must account for postponed import VAT on their VAT returns for the accounting period which covers the date they imported the goods. The normal rules apply for what VAT can be reclaimed as input tax and the trader’s monthly statement will contain the information to support their claim.
HMRC is aware of the problems some importers are having when trying to access their monthly VAT statements. If you cannot access your statement or you’re having problems when viewing your statement, you should follow the guidance on how to complete a VAT Return if you’re having problems with your monthly statements.
As long as you take reasonable care to follow the guidance, there will be no penalty for errors.