RCB/13/18 Change to the VAT treatment of retained payments and deposits Revenue & Customs Brief, Issue 13. 14 December 20181 Purpose of this briefThis brief explains HMRC's new policy on VAT and payments for unfulfilled supplies which applies from 1 March 2019.2 ReadershipBusinesses that retain payments and deposits for goods and services which customers do not take up.3 BackgroundFollowing judgements of the Court of Justice of the European Union (CJEU), we have reviewed our policy on the VAT treatment of payments for unfulfilled supplies. An unfulfilled supply is where a customer does not use a service or collect goods
Revenue & Customs Brief, Issue 13. 14 December 2018
This brief explains HMRC's new policy on VAT and payments for unfulfilled supplies which applies from 1 March 2019.
Businesses that retain payments and deposits for goods and services which customers do not take up.
Following judgements of the Court of Justice of the European Union (CJEU), we have reviewed our policy on the VAT treatment of payments for unfulfilled supplies. An unfulfilled supply is where a customer does not use a service or collect goods
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.