HMRC updated VAT Notice 701/19 to incorporate details about VAT liability for payments made under the schemes to subsidize energy bills. The notice explains how users and suppliers should handle the supply of fuel and electricity and other suppliers related to power and electricity when figuring out how to treat VAT correctly.
Source: GVC
Latest Posts in "United Kingdom"
- UK Budget 2025: VAT E-Invoicing, Digital Compliance, and Post-Brexit Tax Reforms Announced
- FTT Rules HMRC Closure Notice Bars VAT Registration: Hairdresser’s Turnover Below Threshold, Appeal Allowed
- UK Tribunal Rules Self-Employed Hairdresser Not Liable for VAT Registration Under Rent-a-Chair Model
- EU Insists on VAT Representative for UK Firms Despite British Objections to Import Rules
- Mandatory B2B e-invoicing as of April 2029
