HMRC have updated their VAT Valuation Manual for the following:
- VATVAL 03900 – Apportionment of monetary consideration: costs-based apportionments – amendments to the whole page content;
- VATVAL 03700 – Apportionment of monetary consideration: methods of apportionment – general – amendment to all content of page;
- VATVAL 04300 – Apportionment of monetary consideration: retrospective apportionment – wording amended to change ‘trader’ to business;
- VATVAL 04000 – Apportionment of monetary consideration: costs-based apportionments where the costs of only one supply can be identified – change to the whole of content of the page;
- VATVAL03800 – Apportionment of monetary consideration: apportionments based upon selling-prices – content of this whole page has changed;
- VATVAL 03300 – Apportionment of monetary consideration: is there more than one supply? – links updated in the second paragraph; and
- VATVAL 03100 – Apportionment of monetary consideration: the law – links amended in text.
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.
