The deposit return scheme (DRS) will apply in Scotland from 16 August 2023. Under the DRS, a 20p deposit will be paid on the sale of a drink in certain single-use containers. When an end-consumer returns a container to a return point, the deposit will be repaid to them. The Scottish Government has published a letter in response to a factsheet issued by HM Treasury, setting out how VAT will apply to the DRS.
Source: Deloitte
Latest Posts in "United Kingdom"
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
- Navigating UK VAT: Key Considerations and Pitfalls in Exporting Goods
- HMRC’s New VAT Error Correction Rules: Stricter Penalties and Reporting Changes Explained
- UK Supreme Court Confirms VAT on Intragroup Fees for Former VAT Group Members
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
