PBR 2008: VAT rate change – the taxpoint rules

For many businesses implementing the new standard rate of VAT it will be necessary to establish the tax point applying to the supply in order to check which rate of VAT should be applied. There are, however, some optional rules which can be applied when the VAT rate reduces so businesses and their advisers may also wish to check these out. This is in the detailed article on change of rate and is also covered in VAT Notice 700 at section 30. The taxpoint rules are explained in VAT Notice 700 at sections 14 and 15.

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