The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the main accounting requirements that must be adhered to by a business registered for landfill tax within England, Wales and Northern Ireland. This note should be read in conjunction with the Landfill tax ― introduction, Landfill tax ― rates of tax, Landfill tax ― exemptions, Landfill tax ― registration, Landfill tax ― calculating the weight and Landfill tax ― accounting for tax guidance notes.
The tax point is the time that the registered business is required to account for any landfill tax to HMRC. The business must account for the tax on the return covering the period in which the tax point was created. There are two tax points that can be used to account for landfill tax and these are:
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