This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance

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

  • TOMS ― step by step guide to completing the calculations
  • Market value calculation (annual adjustment)
  • Cost-based calculation (annual adjustment)
  • Accounting for VAT on the provisional value of margin scheme supplies
  • Simplified end-of-year calculation (annual adjustment)
  • Accounting for VAT on the provisional value of margin scheme supplies when the simplified calculation applies (all supplies standard-rated)
This content is no longer in use on TolleyGuidance

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