Tolley's Value Added Tax 2020-21

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Commentary

Arranged in alphabetical subject order, from Accounting Periods to Zero-Rating, this text brings together in-depth coverage of the UK and EC legislation, Customs and Excise material and relevant case law and tribunal decisions on each topic.

SOURCE CURRENCY

UPDATE INFORMATION

Tolley’s Value Added Tax 2020-21 First Edition brings together all the latest information relevant to VAT up to 31 January 2020 including provisions of the Spring Budget 2020. This edition contains:

  • Changes to VAT grouping rules effective 1 November 2019
  • With effect from 1 January 2020, changes to call-off stock, intermediaries in chain transactions, evidence for removals of intra-EU movements of goods and the requirement to have the customer’s VAT registration number
  • Introduction of the domestic reverse charge for certain building services (effective 1 October 2020) and trading in renewable energy certificates (effective 14 June 2019)
  • VAT accounting for price adjustments effective 1 September 2019
  • 2020 Spring Budget changes – postponed import VAT accounting, zero-rating for women’s sanitary protection and e-publications and changes to the agricultural flat-rate scheme eligibility requirements
  • Advisory fuel rates from 1 March 2020
  • An up-to-date list of HMRC VAT notices Revenue & Customs Briefs and Information Sheets, with cross-references in the text

Contributors

David Rudling , CTA AIIT Editorial team member
 Louise Hemmingsley CTA Author