HMRC updated VAT Notice 701/19 to incorporate details about VAT liability for payments made under the schemes to subsidize energy bills. The notice explains how users and suppliers should handle the supply of fuel and electricity and other suppliers related to power and electricity when figuring out how to treat VAT correctly.
Source GVC
Latest Posts in "United Kingdom"
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
- Navigating UK VAT: Key Considerations and Pitfalls in Exporting Goods
- HMRC’s New VAT Error Correction Rules: Stricter Penalties and Reporting Changes Explained
- UK Supreme Court Confirms VAT on Intragroup Fees for Former VAT Group Members
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
