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HMRC internal manual


Value for import VAT: normal rules: discounts

Where the price payable has been reduced by:

  • a discount which is immediately effective (eg a quantity or trade discount), or
  • a discount for prompt payment

the discounted amount is to be treated as the price payable for the goods. NCH Officers are to accept that a prompt payment discount is to be taken up provided the date for the discount has not expired by the date of importation.

Contingent discounts, available only if some specific act is performed (eg successive importations reaching a particular level), are not deductible from the value at importation.