RCB/28/09 VAT—reverse charge accounting for businesses trading in mobile telephones and computer chips: renewal of EU derogationRevenue and Customs Brief, Issue 28. 20 April 2009Who needs to read this?Businesses buying and/or selling any of the following goods: (1) Mobile telephones (2) Integrated circuit devices, such as microprocessors and central processing units, in a state prior to integration into end user productsBackgroundThe reverse charge for mobile phones and computer chips was implemented with effect from 1 June 2007 to remove the opportunity for fraudsters to use these goods to perpetrate missing trader intra-community (MTIC) carousel fraud. As an exception to
Revenue and Customs Brief, Issue 28. 20 April 2009
Businesses buying and/or selling any of the following goods:
(1) Mobile telephones
(2) Integrated circuit devices, such as microprocessors and central processing units, in a state prior to integration into end user products
The reverse charge for mobile phones and computer chips was implemented with effect from 1 June 2007 to remove the opportunity for fraudsters to use these goods to perpetrate missing trader intra-community (MTIC) carousel fraud. As an exception to
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