- In certain situations customers must account for VAT instead of suppliers through a reverse charge procedure
- When purchasing services from abroad you must charge yourself VAT as both supplier and recipient on the same VAT return
- Deregistration requires self supply VAT on goods over 1000 pounds where input tax was previously claimed
- Leaving the Flat Rate Scheme triggers self supply VAT on capital items where input tax was claimed
- Domestic Reverse Charge applies to construction services between building businesses making the customer liable for VAT
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.
Latest Posts in "United Kingdom"
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions
- Beginner’s Guide to UK VAT: Registration, Rates, Exemptions, and Record-Keeping Explained
- UK Tribunal Overturns VAT Fraud Penalty, Clarifies Input VAT Deduction Rights for Taxpayer
- Hotelbeds v HMRC: Businesses Can Reclaim VAT Without Invoices, Court Rules
