VATupdate

Changes to HMRC’S treatment on VAT and Compensation Payments

Only last month we were considering the VAT implications of Lease Variations in a newsbyte and now we can report that HMRC has issued a Revenue and Customs Brief (RCB12) on a change of VAT interpretation on areas including:

  • Compensation Payments
  • Liquidation Damages
  • Payments for Breach of Contract

Source: centurionvat.com

* click here if you have interesting news to share *