- New VAT guidelines for compliance were published on 18 September 2024
- The Guidelines for Compliance (GfC) aim to help businesses with VAT compliance controls
- HMRC recommends these guidelines to help businesses understand their expectations for VAT compliance
- The guide covers various aspects of VAT compliance controls, including order to cash and procure to pay
- The guidelines are targeted at those responsible for governance, controls, processing, and submitting of VAT returns, such as VAT and tax managers, finance and IT professionals, and senior management.
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.
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