VAT: concessions change 14 day rule and transition to new rate
Posted by AccountingWEB in Tax on Wed, 03/12/2008 - 09:54
HMRC has announced temporary concessions to assist businesses with the administrative problems of accounting for a change in the standard rate of rate.
These are in respect of the following:
- Electronic tills and cash registers - if your till was printing out receitps after 1 December at the wrong rate, because you were unable to change it in time, you may still account to HMRC for VAT on transaction, regardless of the till receipts using the new fraction of 3/23.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it only takes a minute to set one up,
click here to register
6 comments
- 3016 reads
- login or register to post comments
- Add to a social bookmarking site
Want to win £500 of digital photography goodies? 
Love it? Hate it? We want to know what you think of the new design and how we can make it even better. Post your views in our new 
Got an opinion you want to share with the rest of the community? Then login and