The ‘postal concession’ was informally agreed between HMRC and the legal profession in 1991. It allows solicitors and conveyancers not to charge VAT on fees for property searches conducted by post, even though not meeting all the conditions to be disbursement for VAT purposes. HMRC’s Brief 6/2020 announces that the concessional treatment of postal search fees as disbursements will cease from 1 December 2020.
Source: Mazars
Latest Posts in "United Kingdom"
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties
- Court of Appeal Upholds Standard VAT Method in Hippodrome Casino Case
- Hotelbeds v HMRC: Businesses Can Reclaim VAT Without Invoices, Court Rules
- NHS Trust Wins VAT Exemption for Agency-Supplied Locum Doctors Against HMRC
