HMRC have updated their VAT Repayment Supplement Manual in two places.
At VATRS 10100, the guidance has been updated to show the following:
“This guidance deals with repayment supplement matters in respect of prescribed accounting periods starting on or before 31 December 2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009.
Please see Compliance Handbook CH140000 onwards to find the new interest rules guidance.”
And some outdated guidance on Who do we pay repayment supplement to? has been removed at VATRS 10210.
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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.
