On 1st March 2019, HMRC implemented changes to VAT rules on part and full payments for supply of products or services that are retained or non-refundable, where a customer does not take up the goods or service – from VAT free compensation to taxable consideration.
Source: LWA
Latest Posts in "United Kingdom"
- United Kingdom – Comprehensive VAT Guide (2026 Edition)
- Athena Luxe Ltd FTT Ruling: Validity of Invoices and HMRC Discretion on Input Tax Recovery
- VAT Zero Rating Allowed for Disability Access Card Hired to Users: Nimbus v HMRC
- HMRC Issues New Guidance on VAT Treatment of Overage Payments in Property Sales
- VAT Zero Rating for Access Card: Nimbus v HMRC – Equipment for Disabled Persons Appeal Allowed
