Commentary

RCB/13/18 Change to the VAT treatment of retained payments and deposits

Part V16 Forms and other HMRC material

RCB/13/18 Change to the VAT treatment of retained payments and deposits

RCB/13/18 Change to the VAT treatment of retained payments and deposits

Revenue & Customs Brief, Issue 13. 14 December 2018

1 Purpose of this brief

This brief explains HMRC's new policy on VAT and payments for unfulfilled supplies which applies from 1 March 2019.

2 Readership

Businesses that retain payments and deposits for goods and services which customers do not take up.

3 Background

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

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