Postponed VAT Accounting

Postponed VAT Accounting (PVA) is a scheme that allows VAT-registered businesses to pay import VAT on their VAT return rather than up-front at customs. PVA schemes have two main benefits for businesses: 

• You can pay all your import VAT at once in a set period, making it easier to manage your cash flow
• You can reclaim your import VAT at the same time as reporting it, meaning money might not even have to leave your account 

Not every country has a PVA scheme. Those that do usually have rules about who can use the scheme and what can be imported under it.