- 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
- Eligible persons include bodies corporate, individuals, partnerships, and Scottish partnerships
- Divisional registration allows a corporate body with multiple self-accounting units to register each division separately for VAT
- Guidance on divisional registration can be found in section 9 of the notice
Source: deeksvat.co.uk
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.
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
