- 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.
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