Contact us now for all your importing and exporting questions: international@chamberelancs.co.uk or 01254 356454.

Closure of Flexible Accounting System accounts

After‌‌‌ ‌‌23‌‌‌ ‌‌October 2024, all Flexible Accounting System (FAS) accounts will be permanently closed.

This is due to the replacement of the CHIEF system with the CDS.

Businesses that still have funds in their FAS accounts can request a repayment by 23‌‌‌ ‌‌October‌‌‌ ‌‌2024. After this date, businesses will not be able to access FAS accounts or reclaim funds.

All unclaimed balances will be retained by HMRC.

To request a repayment for the funds in a FAS account, businesses must complete the form FAS1 by 23‌‌‌ ‌‌October‌‌‌ ‌‌2024. Once received, it can take up to 20 working days to process the refund.

Important notice for importers

Ensure you are utilising your PVA (Postponed Vat Accounting) and Duty Deferment account to give you the greatest cash flow benefits.

If you are unsure how to access these please contact your local International Business Specialists at East Lancashire Chamber of Commerce either by phone 01254356448 or email international@chamberelancs.co.uk for guidance and support.

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Published On: May 6th, 2024

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