A domestic VAT reverse charge was introduced in the UK for sales of mobile phones and computer chips in 2007, to counter missing trader VAT fraud that increasingly revolved around sales of these goods. The domestic reverse charge sales lists required in respect of such sales will be discontinued as from 1 July 2022.
Source Deloitte
Latest Posts in "United Kingdom"
- VAT Beginner’s Guide: Essential Basics for UK Business Registration and Rates
- When Do You Have to Charge Yourself VAT? Key Situations Explained
- Supreme Court Clarifies VAT Group Rules and Time of Supply Interplay
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
