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"
- ICS2 Required for Goods Moved from Great Britain to Northern Ireland or EU from 2026
- HMRC Updates VAT Group Registration Rules: New Criteria for Revenue Protection Powers
- HMRC Updates VAT Rules for Temporary Medical Staff and Locum Doctors – Refund Guidance Included
- HMRC Guidance: Refunds of UK VAT for non-UK businesses (VAT Notice 723A)
- New VAT Relief Announced for Business Donations of Surplus Goods to Charities from April 2026
