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HMRC Policy paper: VAT Accounting for Deposit Schemes

This tax information and impact note outlines legislation introduces rules for VAT accounting for deposit return schemes.

When making sales that are within the scope of a relevant deposit scheme, no VAT will be charged in relation to the deposit amount.

VAT will be accounted for on unreturned deposit amounts by the first seller of a deposit scheme product. The rules for accounting for this VAT will be set out in the subsequent secondary legislation and a VAT Notice.

Source gov.uk

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