Accounting for aggregates levy

By Tolley

The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Accounting for aggregates levy
  • VAT returns
  • Tax points
  • Invoices
  • Returned stock
  • Accounting records
  • Bad debt relief

This guidance note provides an overview of the accounting requirements for businesses who are registered for aggregates levy. This note should be read in conjunction with the Introduction to aggregates levy, Aggregates levy ― exemptions and Registering for aggregates levy guidance notes.

HMRC Notice AG1 ; De Voil Indirect Tax Service V22.116 (subscription sensitive)
VAT returns

With effect from January 2017, businesses have the option of filing their aggregates levy return online using the online portal. Businesses wishing to file their returns online will need to use a new 15-digit registration number that will be issued automatically by HMRC. The new number must be used by the business in all of its dealings with HMRC, including submitting returns and payments. HMRC will send a Notice to File towards the end of each return period to remind the business that it needs to remit its return and payment via the online portal.

If the business continues to submit paper returns, then it will receive levy returns from HMRC that need to be completed and submitted by the due date shown on the return. The return will normally be issued by HMRC approximately one–two weeks before the return period ends. If the business is on standard accounting periods then the return needs to be submitted by the last working day of the month immediately after the return period.

Levy returns normally cover a three-month period, unless HMRC elects to place the business on monthly returns due to the fact that it has concerns over the business’ credibility.

The payment dates for remitting the amount due on the return will be the same as the return filing deadline unless the business is paying by direct debit when it may be offered the seven-day delayed payment concession (see below for more information).

Please see the Guide to completing an aggregates levy return

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