HMRC has published Brief 4 (2019) on a new domestic reverse charge on renewable energy certificates. This confirms that the government has introduced legislation to introduce a reverse charge accounting mechanism (‘domestic reverse charge’) for supplies of gas and electricity certificates in the UK (‘renewable energy certificates’). This, according to the Brief, is in response to a serious and credible threat of missing trader intra-community fraud in those supplies.
The reverse charge will take effect from 14 June 2019.
Source HMRC
Latest Posts in "United Kingdom"
- Reform UK Pledges to Scrap VAT and Green Levies on Energy Bills to Cut Costs
- HMRC Updates VAT Notice 735: Domestic Reverse Charge and Electric Vehicle Charging Exemption
- Finance Administrator Jailed for £212,000 Fraud Using Duplicate Supplier Invoices at Care Home
- UK VAT Gap Rises to 6.5% in 2024–25, Highlighting Ongoing Compliance Challenges
- VAT on Public EV Charging: Key Lessons from Charge My Street Ltd v HMRC Tribunal Decision
