HMRC sets out rules for postponed VAT accounting if no deal Brexit

HMRC confirmed that in the event the UK leaves the EU without a deal, from 11pm GMT on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border.

This will apply to goods from both EU and non-EU countries and will help businesses currently moving goods into the UK from other EU member states to reduce any cash flow impacts after the UK leave the EU.

Businesses or individuals who are not VAT registered in the UK will not be able to account for import VAT in this way. They will need to pay import VAT up front at the time of import.

Further details can be found here: https://www.gov.uk/guidance/accounting-for-import-vat

Disclaimer - All information in this post was correct at time of writing.