HMRC have updated their guidance on “how to account for import VAT on your VAT Return if you’re using postponed VAT accounting”.
The changes made are as follows:
- “Information about an issue with duplicated entries on some monthly statements has been added to the ‘how to complete a VAT Return if you’re having problems with your monthly statements’ section”.
- Out of date information has been removed.
Related content from Claritax Books
Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.