Referring to delivery terms ‘DDP’, please let us know whether:
a) Global Buyer Co Ltd will act as an importer of record and pay import VAT and customs duties to the UK/German Authorities? Under this scenario, the import VAT can be reclaimed.
b) Global Buyer Co Ltd will not take care of the customs clearance, however your Company will still pay import VAT and customs duties? In this case, the import VAT cannot be reclaimed.