- HMRC updated VAT Notice 703 to reflect current legal requirements and customs processes for zero-rated exports as of 13 February 2026.
- Goods exported from the UK can be zero-rated if they physically leave the UK and all HMRC conditions are met.
- Exporters must export goods within specified time limits and follow detailed conditions based on the type of export.
- Acceptable proof of export and accurate records are required for zero-rating, with strict compliance and documentation rules.
- Obtaining correct evidence of export is crucial, as disputes over documentation are common.
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"
- VAT Liability Timing for Lycamobile’s UK Telecom Bundles: Upper Tribunal Rules on Supply Point
- Should You Form a VAT Group? Key Benefits and Drawbacks Explained
- Tribunal Clarifies Import VAT Recovery for Logistics Agents Handling Non-Owned Goods in Pre-Brexit EU Shipments
- Upper Tribunal Rules Custom-Made Wigs for Female Hair Loss Qualify for VAT Zero Rating
- HMRC Introduces New VAT Registration Security to Combat Fraud on Business Tax Accounts
