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How to input company certificate

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this video from IT free training I will look at what is a certificate certificates are used for security and identification but how do they work this video looks at what is a certificate and how they are used to secure communication improve identity first of all what is a certificate a certificate is simply a file or an electronic document that contains data fields if you were to compare a digital certificate with a traditional physical certificate you will notice some similarities as shown in the traditional certificate you can see who has issued the certificate in this case I T free training if you had a certificate from an organization like a university the certificate would have this printed on it so you know who issued it an electronic certificate is issued from an authority as well by looking at the data inside the certificate it can easily be determined which authority it was issued from the next question is would you trust this Authority by doing a quick search on the internet

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How is C79 treated on VAT return?

If you pay import VAT via option 1 or 2, you should have been receiving a C79 certificate from HMRC in the post. This blue and green certificate details the import VAT you paid in the previous month. This C79 certificate is your evidence to reclaim the import VAT as input tax via box 4 of the VAT return.

Do I need a C79 certificate?

This blue and green certificate details the import VAT you paid in the previous month. This C79 certificate is your evidence to reclaim the import VAT as input tax via box 4 of the VAT return. HMRC could disallow input tax reclaimed if you do not have the C79 certificate.

Can you reclaim import VAT?

It means youll declare and recover import VAT on the same VAT Return, rather than having to pay it upfront when the goods are imported and recover it later. The normal rules about what VAT can be reclaimed as input tax apply.

What is duty deferment account C79?

A duty deferment account allows importers or representatives to make a one-time monthly payment on customs or tax charges through Direct Debit instead of paying multiple individual consignments. You should apply for a duty deferment account if you import goods regularly.

Can I claim import VAT without a C79?

You must declare goods on importation and pay or defer the import VAT in the same way as anyone who is registered for VAT. However, as youre not entitled to reclaim the import VAT you pay as input tax, you do not receive an import VAT certificate (C79 see section 8).

How long does it take to get a C79?

If your freight agent has used your EORI number on your import then this should automatically produce a C79 each month. agents have been using your correct EORI number.

What is HMRC C88 form?

The purpose of this document is to ease the management of international trade operations with the EU as origin or destination. The C88 form is used to declare imports and exports and speed up the process of paying taxes, if there are.

What is C79 certificate for?

Find out how you can get your import VAT certificates (C79). This will show how much VAT youve paid on imports and recover the VAT as input tax on your VAT Return. From: HM Revenue Customs Published 13 September 2019 Last updated 9 June 2020 See all updates.

Why do I need a C88?

Customs Declarations (C88) From the 1st January 2021 you will need to make customs declarations on imports and exports going between the UK and the EU. Customs declarations (traditionally known as a C88 form) are forms that detail the type and value of the goods that are being imported/exported.

What is a C79 certificate?

Find out how you can get your import VAT certificates (C79). This will show how much VAT youve paid on imports and recover the VAT as input tax on your VAT Return.

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