Commentary

RCB/28/09 VAT—reverse charge accounting for businesses trading in mobile telephones and computer chips: renewal of EU derogation

Part V16 Forms and other HMRC material

RCB/28/09 VAT—reverse charge accounting for businesses trading in mobile telephones and computer chips: renewal of EU derogation

RCB/28/09 VAT—reverse charge accounting for businesses trading in mobile telephones and computer chips: renewal of EU derogation

Revenue and Customs Brief, Issue 28. 20 April 2009

Who needs to read this?

Businesses buying and/or selling any of the following goods:

  1.  

    (1)     Mobile telephones

  2.  

    (2)     Integrated circuit devices, such as microprocessors and central processing units, in a state prior to integration into end user products

Background

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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