New clarification VAT P012 on import of goods by agents or customer of owner of goods.

Agent/customer can reverse in box 7, the pre-populated import in box 6.

Also, the owner of goods has to pass positive adjustment in box 7.

There needs to be an agreement in place between the agent/customer and the owner of goods.

Alternate arrangement still available where the agent gives a statement and recovers the VAT from owner of goods. However, he will not claim RCM credit in box 10.