- HMRC published Agent Update Issue 132 on 24 June 2025
- Important update to the VAT Registration Service implemented from 19 May 2025
- Applicants must provide a breakdown of taxable turnover by VAT rate
- Rates include standard rate 20 percent, reduced rate 5 percent, zero rate 0 percent
- System displays breakdown of values entered
- Shows total taxable turnover
- Asks user to confirm if the breakdown is correct or incorrect
Source: fintua.com
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.
