Purpose of this brief
This brief sets out HMRC’s conclusions and actions taken following the consultation and subsequent evidence gathering exercise. This may result in some businesses reviewing previously submitted returns.
Background
Between January and March 2021, the government ran a consultation on ‘VAT and value shifting’. The consultation proposed fixed rules for how the consideration (amount paid) must be apportioned when items with different VAT liabilities are supplied for a single price.
Following the responses to the consultation HMRC engaged with stakeholders to gain more understanding of the range of views on the proposals.
Source
Latest Posts in "United Kingdom"
- Campaign Urges Government to Remove VAT on Children’s Oral Hygiene Products to Tackle Tooth Decay
- 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
