Commentary

V3.142 Anti-forestalling provisions

Part V3 Supplies, acquisitions and imports

V3.142 Anti-forestalling provisions

V3.142 Anti-forestalling provisions

Where it is suspected or known that the rate of VAT will increase, there is a possibility that businesses will seek to offset the effect of the increase by arranging for a tax point to be created (eg by the issue of a tax invoice or the making of a payment) prior to the date of the change in respect of supplies which are effectively to be consumed after that date. Consequently, anti-forestalling legislation was introduced in respect of the increase in the standard rate from 15% to 17.5% on 1 January 2010, and in respect of

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