TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Indirect Taxation

1.29 VAT Changes with Effect from 1 October 2007

As mentioned in Section 1.28 of the September issue of tax.point, changes to VAT invoicing regulations, including invoice number requirements, margin scheme invoices, intra EC invoices and invoicing of exempt supplies to businesses in other EU Member States have effect from 1 October 2007.

HMRC Brief No. 51/07, which provides details of the changes, is available at http://www.hmrc.gov.uk/briefs/vat/brief5107.htm.

Also, the HMRC Wolverhampton office will become the principal processing office for VAT registration and deregistration applications, with effect from 1 October 2007.