Reverse Charge
In Section 1.30 of the May EDITION of tax.point, it was advised that the EU Council had authorised the UK to introduce a reverse-charge mechanism for mobile phones and computer chips to counteract MTIC fraud. HMRC have issued an updated information sheet on the changes.
The Information Sheet which updates and replaces Information Sheet 06/07 is available at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_PROD1_027512.