CRW Accountants

The Mews, Queen Street
Colyton, Devon, EX24 6JU
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 01297 553286

Search News


The VAT guide

Source: HM Revenue & Customs | | 19/03/2019

The main HMRC reference guide to VAT has been updated. The latest version of Notice 700 entitled The VAT Guide cancels and replaces the previous version published and any subsequent updates.

The notice is intended to be HMRC’s main reference guide to VAT and is now available on the GOV.UK website. There have been a number of amendments including updated guidance in relation to hire purchase agreements and in relation to unfulfilled supplies and deposits.

The notice provides:

  • A guide to all the main VAT rules and procedures
  • Help with the problems faced by business
  • References to more specialised publications

The notice includes sections on:

  • The administration of VAT
  • An introduction to VAT
  • A general explanation of VAT
  • Output tax
  • Input tax
  • Time of supply
  • VAT invoices
  • VAT returns

Paragraph 7.6 of the notice has the force of law under VATA 1994. The section concerns the requirement that for VAT purposes amounts of money must always be expressed in sterling. The basis for doing so is also detailed in paragraph 7.6.

Latest News

  • OTS Business lifecycle review

    24/10/2018 - More...

    You may be aware the Chancellor asked the OTS to review the difficulties faced by small business and their advisers when interacting with the tax system, at the various pinch

  • Keep abreast of Brexit news

    19/03/2019 - More...

    As the Brexit date fast approaches, it seems the only thing we can say with any certainty is that uncertainty continues to plague the issue of our leaving the EU. The negotiations

  • Present tax-free company benefits

    19/03/2019 - More...

    The list of company benefits that can be provided tax-free to employees is quite short. However, some of the benefits that can be provided include the following: Meals: Free or

 

 

           

Copyright © 2019 - CRW Accountants

designed by Zoe Adele Parsons MA

Cookie Policy