"Basics and Practical Overview of VAT Management in the EU: Spotlight on the French Practice a Few Months After the Adoption of the Reverse Charge of VAT on Imports" - March 2022 - ADVENIAT

Gaspard de Bellescize published an article in the Global Trade and Customs Journal Volume 17, Issue 4 (2022) pp. 183 - 184: A focus on the implications of the reverse charge of VAT on imports, following the reform implemented on 1 January 2022.  

VAT is due on importation together with customs duties and other possible taxes, including the "earmarked taxes" codified in the Code of Taxation of Goods and Services. 

The article looks at the four main arrangements for the settlement of import VAT under the VAT Directive, namely 

• Importation into France followed by delivery to another Member State
• The VAT-free import scheme for goods subsequently intended for export
• The system of deferred payment of import VAT
• The reverse charge system (postponed accounting for import VAT)

Read the article on the Global Trade and Customs Journal website.