HOW TO ENSURE SUCCESSFUL IMPORT VAT CLAIMS UNDER SCHEDULE 14:

As you may be aware all VAT claims under schedule 14 of the VAT return are validated so as to ensure that indeed import VAT was incurred.

For the purpose of success import VAT claim, you must ensure that:

-          The port name entered is correct

-          Entries are valid- schedule 14 only accepts C entries

-          Entries must not have a future date – our system picks the payment date

-          Entries have a release order

-          An ‘Exit Note’ has been generated – this is what informs TaxOnline that the customs process is complete

-          Entries should not be more than 90 days

You may encounter some common errors such as the ones listed below:

·         Record not found – it may mean any of the above requirements have not been met

·         VAT charges cannot be greater than existing value – you may be attempting to claim import VAT which is more than what was paid at the port.

·         Error of retaining ‘undefined’ under the supplier details and tax amounts not populating for some entries