The revised deadline for the “old stock” under the VAT-related payment scheme is now approaching like a Ferrari and will be with us on 30 April 2024.
The HMRC guidance on this subject is pretty good, if rather “bitty”. Nevertheless, there are some “oddities”, which I discuss as we go. The Update starts by looking at the basic idea of the scheme, followed by which cars are eligible, and then the various record-keeping conditions, etc.
Source: www.cjmtax.co.uk
