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
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