HMRC have published GFC2 (2023): Guidelines for Compliance — VAT apportionment of consideration.
Guidelines for compliance were announced in November 2021 as part of the review of tax administration for large businesses.
They explain HMRC’s view on complex, widely misunderstood or novel risks that can occur across tax regimes and help avoid non-compliance.
These guidelines cover the approaches a taxpayer can take for VAT apportionment of consideration to lower the risk of tax non-compliance.
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.
