Commentary

700/14/17 Video cassette films: rental and part-exchange

Part V8 HMRC Notices
Part V8 HMRC Notices | Commentary

700/14/17 Video cassette films: rental and part-exchange

Part V8 HMRC Notices | Commentary

700/14/17
Video cassette films: rental and part-exchange

September 2017

This notice cancels and replaces Notice 700/14 (January 2014).

1 Video cassette films: Rental and part exchange

1.1 What is this notice about

It explains how to account for VAT on the supply of pre-recorded video cassette films to the public under rental and part-exchange arrangements. It also explains the difference between the two types of transaction.

1.2 What's changed

Under section “Comments or suggestions” the address for Customs and Indirect Tax Directorate has been updated.

1.3 Who should read this notice

It is intended for businesses which supply pre-recorded video cassette films to the public under rental or part-exchange

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