What value is import VAT based on?
This calculator uses a simplified VAT value of goods + freight + insurance + customs duty + other import costs you enter. Actual import VAT valuation can include other incidental expenses and special rules, so the declaration figure may differ.
Postponed VAT Accounting
VAT-registered businesses may be able to account for import VAT through their VAT return rather than paying it at the border. Eligibility and accounting treatment are outside this calculator; check current HMRC guidance for your circumstances.