Updated VAT Notice 700/1: Registration for VAT – New Guidance for Non-Established Taxable Persons

• HMRC updated VAT Notice 700/1: Who should register for VAT
• Updated information for non-established taxable persons (NETPs)
• NETP now defined as “any person who does not have a UK establishment”
• Guidance on when NETPs are liable to register for UK VAT
• Information added on when overseas businesses may not need to register for VAT in the UK
• Changes noted in the update section by HMRC
• Other amendments include completing application forms for exception from registration and inability to change date of voluntary registration from an earlier date.

Source: taxscape.deloitte.com

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