HM Revenue & Customs (HMRC) has updated a number of VAT Notices, effective January 2011. Revised VAT and retail scheme notices 727, 727/3, 727/4 and 727/5 have been issued. These replace the previous versions issued in 2002.
Revised Notice 731 covering ‘cash accounting’ and 733 covering ‘flat rate’ have been updated to reflect the increase in the VAT rate.
Details of the changes made can be found in paragraph 1.2 and are effective from January 2011.
Details of the changes made can be found in paragraph 1.2 and are effective from January 2011.
HMRC has updated a number of the VAT & Retails Schemes notices, most of these notices have not been updated since March 2002. The main VAT Notice is 727. Details of the other VAT & Retail Scheme notices can be found through this VAT Notice, changes have been made to:
This Notice details the Extra Statutory Concessions, details of the changes made can be found in paragraph 1.1 and are effective from January 2011.
Notice 60 has changed to include amendments to EU regulations; the exclusion of newspaper and periodicals supplied under direct subscription from reporting; clarification of the reporting requirements where supply is to offshore installations; and member state processing. Details of the changes made can be found in paragraph 1.2 and are effective from January 2011.
There has been an update to three Temporary admission notices, 200, 306 and 308. The previous notices are cancelled. They have been updated to include current names, descriptions and reference changes.
Notice 200 has also been updated to clarify that relief must be applied for in the EU country where the goods are first used, and also when simplified single authorisation may be applied.
This Notice in regard to Temporary admission and was updated December 2010.
Temporary admission - temporary importing non-EC Containers and Pallets.
Temporary admission - temporary importing non-EC means of transport.