European countries compete to attract import business with reverse charge import VAT with no cash payments
Most European Union member states offer cashflow assistance for importers of goods into their country. France’s 2022 import VAT scheme is the latest new addition. This can be VAT and customs deferral accounts through to postponed VAT accounting options that allow the avoidance of any payments. Below is a summary of the schemes across the EU 27 states.
EU Postponed VAT Accounting
|wdt_ID||Country||VAT & Customs deferrment account||Postponed VAT Accounting|