VAT- Accounting Schemes

HMRC Briefs issued on or after 1 January 2007 in respect of VAT -Accounting Schemes will be listed in this area.

Revenue & Customs Brief 24/07 - Issued 20 March 2007
This Brief gives details of an article concerning : VAT – Proposed reverse charge accounting for businesses trading in mobile telephones and computer chips: announcement of targeted implementation and details of how the rules will operate in practice; and exposure of draft legislation for comment.

Revenue & Customs Brief 14/07 - Issued 13 February 2007
This Brief gives details of an article concerning: VAT : Changes to the rules on bad debt relief for goods supplied on credit terms.

Revenue & Customs Brief 12/07 - Issued 09 February 2007
This Brief gives details of an article concerning: VAT: changes to the cash accounting scheme.