HMRC are extending the deadline for using the VAT margin scheme for second-hand vehicles bought in GB and moved to NI before 1 May 2023. The deadline will now be 30 April 2024 rather than 31 October 2023.
The new VAT second-hand motor vehicle payment scheme is available for vehicles moved from Great Britain to Northern Ireland on and after 1 May 2023.
Source: www.taxjournal.com
Latest Posts in "United Kingdom"
- Creating a level playing field for UK small businesses by reforming VAT collection
- Interest Payable on VAT Element of Commercial Debt Under Late Payment of Commercial Debts Act 1998
- Addressing Unfair VAT Repayment and Interest Rates: CIOT and ATT Autumn Budget 2025 Representation
- UK Tribunal Clarifies Input VAT Deductions and HMRC Discretion Under VAT Regulations 1995
- UK Tribunal Rules Company Cannot Reclaim Input VAT Due to Pre-Registration Purchases and Invalid Invoices
