News
return to headline pageNew VAT Notices published in recent weeks
Notice 744B: Freight transport and associated services This notice replaces the February 2006 edition. It can be downloaded from HMRC's website. This notice has been rewritten to take into account the changes made in the 2009 Finance Act which brought in substantial changes to the place of supply of services rules from 1 January 2010. Notice 744A: Passenger Transport
This notice has been reviewed to take into account the changes made in the 2009 Finance Act which brought in substantial changes to the place of supply of services rules from 1 January 2010, in the case of passenger transportation the changes are marginal.
The technical content is largely unchanged but some clarifications have been added to paragraphs 2.3, 3.2, 3.3, 4.1, 4.6, 4.7. Section 6 has been amended as the ‘concession’ referred to is enshrined in legislation.
Notice 741A: Place of Supply of Services January 2010
This notice replaces the May 2008 edition. It can be downloaded from HMRC's website.
1 January 2010 saw the introduction of substantial changes to the place of supply of services rules. These changes include a new basic rule (‘the general rule’) for business to business (B2B) supplies and a reduction in the number of exceptions to the general rule. Further changes are due to come into effect on 1 January 2011, 1 January 2013 and 1 January 2015. This notice has been updated to provide guidance on the changes up to and including 1 January 2013.
Notice 725: The single market
This notice replaces the January 2007 edition. It can be downloaded from HMRC's website.
Notice 718/2: VAT Auctioneers' Scheme
This is a new notice the content of which was previously in Notice 718: Margin Scheme for Second-hand goods, works of art, antiques and collectors' items.
It can be downloaded from HMRC's website.
Notice 718/1: The VAT Margin Scheme on second-hand cars and other vehicles
This is a new notice the content of which was previously in Notice 718: Margin Scheme for Second-hand goods, works of art, antiques and collectors' items.
It can be downloaded from HMRC's website.
Notice 709/5: Tour Operators Margin Scheme
This notice replaces the August 2004 edition. It can be downloaded from HMRC's website.
These changes have already been published in Revenue & Customs Brief 27/09. The sections of this notice which have been altered to take account of these changes are: 2.13, 3.1, 3.2, 3.3, 3.4, 3.5, 5.2, 5.3, 5.4, 5.5, 5.6, 5.11, 5.14, 6.2, 6.12, 6.13, plus the sections which have force of law, 8, 9, 10, 11, 12 and 13.
The changes relate to removal of the opt-in to the TOMS for wholesale supplies (previously detailed in section 3.2), removal of the opt-out for travel supplies consumed by businesses (previously detailed in section 3.3) and the introduction of a new market value calculation (annual adjustment),which is set out in a new section 8).
In addition to these changes the following sections have been changed:
Section 4.15 has been amended to clarify the tax point rules under method 2.