- HMRC will only acknowledge online notifications, according to Revenue and Customs Brief 01/23.
- Postal submissions will no longer receive acknowledgement. Management services are a popular topic on the website, with valuation being a key aspect.
- HMRC is vigilant about value shifting and will issue assessments if they believe VAT has been undercharged or overclaimed.
- Changes have been made to VAT Notice 700, providing additional guidance on their approach to the subject.
- It is important to be aware of this when considering transactions with associated businesses.
Source VAT Exchange
Latest Posts in "United Kingdom"
- Post-Brexit VAT Shifts: Reverse Charge and the New Digital Landscape
- Isle of Wight NHS Trust Wins VAT Exemption Case for Locum Medical Practitioners Supply
- Tribunal Rules on VAT Exemption for Locum Medical Practitioners Supplied by Agencies
- VAT Appeal Dismissed: Nitrous Oxide in Cream Chargers Not Zero-Rated as Food
- FTT Dismisses Akhtar’s Appeal Against HMRC’s Best Judgement VAT Assessments Due to Missing Records
