Transition Arrangements: Transition arrangements for Simplified Import VAT Accounting Scheme (SIVA)
Simplified Import VAT Accounting (SIVA) Scheme authorisations may continue without change until they are reassessed. This reassessment must be completed by 1 May 2019.
SIVA authorisations will be required to meet the same standards as those required for a guarantee waiver for customs duty under the Code (AEOC standard).
Following reassessment of the SIVA authorisation, the associated deferment account must be reissued as a Code compliant deferment account. A Code comprehensive guarantee will be required to be issued at the same time.
The following table details the type of operations or procedures which may be conducted under an existing SIVA authorisation and those which only apply to new, AEOC standard SIVA authorisations.
|Type of Operation/ Benefits available after 1 May 2016||Available with an existing SIVA authorisation||Only applies to a new SIVA authorisation|
|Defer import VAT charges for a period not exceeding 1 month||Y||Y|
|Obtain a waiver from the deferment guarantee (subject to authorisation) for import VAT charges|
|Reassessment of the deferment account against the comprehensive guarantee criteria||N||Y|
There are two new high level criteria changes for SIVA authorisations:
· Compliance history in other taxation areas
· Effective internal management controls
The specific criteria to be met in these areas are detailed in section CAA07220.