Well it might have been hot and we might still be in the summer “silly season”, but HMRC has been busy with new Business Briefs and information about Making Tax Digital.

Revenue and Customs Briefs

Revenue and Customs Brief 7 (2018) “VAT – motor dealer deposit contributions”confirms the VAT treatment of these contributions.  Some dealers have overpaid VAT and may be entitled to claim this VAT from HMRC.

Revenue and Customs Brief 8 (2018) VAT liability of bicarbonate of soda”explains when the sale of the product for food purposes, such as a baking ingredient, can be zero-rated.

Revenue and Customs Brief 9 (2018) “VAT – damp proofing products” explains that the sale of  certain products like paints, creams and gels that are typically applied to the exterior walls of houses to prevent damp are not “energy saving materials” and are therefore liable to VAT at 20%.

VAT Notice 700/22: Making Tax Digital for VAT: July 2018

Finally, HMRC has issued  VAT Notice 700/22: Making Tax Digital for VAT”, guidance on the new rules that come into force for VAT in April 2019.  This is a very helpful and detailed notice, although at about 35 pages in print, I nominate this as the 2018 best cure for insomnia.

Contact me if you need help on any VAT issues marie@vatexchange.co.uk or 07955 704228

Enjoy the bank holiday weekend!  It’s a long time until Christmas.


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