HMRC - VAT Update
I. Notice 709/1 Catering and take away food
This revised notice cancels and replaces Notice 709/1 Catering and take-away food (March 2002). This notice has been updated to take into account recent changes in this technical subject area. The notice is available at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_ShowContent&propertyType=document&id=HMCE_CL_000160.
II. Joint VAT Consultative Committee paper (01) 07
This paper contains details of proposed amending rules on VAT invoicing, together with a draft regulation and Partial Regulatory Impact Assessment (RIA). Click http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLib-rary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_PROD1_027206 to access the paper.
III. Notice 701/10 Zero-rating of books etc
This Notice Update amends section 6 on single and multiple supplies. It replaces the guidance provided in Business Brief 20/2003. The notice is available at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_Show Content&propertyType=document&id=HMCE_CL_000102.
IV. International VAT Fraud
HMRC have announced new rules which will make it harder for organised criminals to steal VAT from the UK taxpayer and will be introduced on 1 June 2007. The HMRC press release is available at http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=272264&NewsAreaID=2.
V Notice 731 – Cash Accounting
This update reflects changes to the scheme which apply from 1 April 2007.
The Notice is available at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&id=HMCE_CL_000348.
VI. Simplified Import VAT Accounting (SIVA)
The form to apply for Simplified Import VAT Accounting is available at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_ShowContent&propertyType=document&id=HMCE_PROD_009625.