Hi,
I am a director in a start-up rum brand and we are importing out base spirit from the EU (Amsterdam). We have all the relevant licenses needed to store the alcohol under duty suspension but are unsure what the VAT requirements. Our supplier is VAT registered in their country but are not charging the VAT on our order. How do we declare the VAT which is due in the UK on this order? Is this done at the point of when we get it (via an online system?) or do can we account for it in our quarterly VAT statement?
many thanks,
Josh