HMRC have issued a consultation seeking to legislate against “value shifting”. The closing date is 30 March 2021.
Value shifting can potentially occur when a number of items with different VAT liabilities are sold as a single package, requiring the sale price to be apportioned between the VAT rates. While courts have ruled whether specific packages require appointment, they tend not to specify the actual calculation method to use.
Source gov.uk
Latest Posts in "United Kingdom"
- Autumn Budget VAT Consultation May Affect Social Housing and Real Estate Sector Compliance
- VAT IOSS Scheme: Intermediary Registration Available from April 2026 for Non-EU Businesses
- UK Tribunal Ruling Paves Way for 5% VAT on Public EV Charging, Treasury Reviews Policy
- Court Rules Public EV Charging Should Have Reduced 5% VAT Instead of 20%
- Intermediary Registration for UK Import One Stop Shop Scheme Opens April 2026
