SIMPLIFIED IMPORT VAT ACCOUNTING (SIVA)

SIVA can be linked to an import deferment account and removes the requirement to guarantee the VAT aspect of the deferment account, often resulting in significant financial benefits. 

Who can apply

SIVA is available to businesses which have been registered for a minimum of three years who hold a deferment account. 

In order to apply, a SIVA1 form must be completed. If you don't hold AEO-C status, you will also need to complete a SIVA1A questionnaire to demonstrate you operate to the relevant aspects of the AEO standard. 

How we can help

We can assist you by ensuring you have the correct procedures in place, before completing the application on your behalf ready for submission to HMRC.