- HMRC amended section 4.1 of VAT Notice 700/2 regarding group and divisional registration.
- HMRC can prevent or remove a person from a VAT group to protect revenue.
- Normally, HMRC will not use these powers if revenue loss is due to normal grouping operations.
- The amendment clarifies HMRC may act if revenue loss is due to enhanced risks, VAT avoidance, or distortion in group supply liabilities.
Source: taxscape.deloitte.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.
Latest Posts in "United Kingdom"
- FTT: Yourway Transport Entitled to Recover Import VAT on EU Drug Deliveries, Not UK or Non-EU
- Court of Appeal Confirms FTT’s Supervisory Jurisdiction Over HMRC Discretion in Input Tax Cases
- FTT Upholds HMRC’s Best Judgment VAT Assessments Against Complete Electrical Services (NW) Ltd
- HMRC Updates List of VAT-Exempt Investment Gold Coins in VAT Notice 701/21A
- VAT Registration Reference Now Required for Business Tax Account Enrollment to Prevent Fraud
