- HMRC has updated VAT Notice 700/2: Group and divisional registration
- VAT grouping allows eligible persons to be treated as a single taxable person for VAT purposes
- Divisional registration allows a corporate body to register each of its self-accounting units separately for VAT
- Updates include information on what happens if HMRC refuses an application and how to request a paper VAT1 form
- The list of notifications a business may receive while waiting for a VAT grouping registration number has been updated
- A new section about late payment submission penalties has been added.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.