Policy paper
Revenue and Customs Brief 13 (2018): change to the VAT treatment of retained payments and deposits
This brief explains changes to the rules on accounting for VAT on retained payments and deposits from 1 March 2019.
Documents
Details
This brief explains changes to HMRC’s policy following legal judgements of the Court of Justice of the European Union.
From 1 March 2019 VAT will be due on all payments for goods and services which customers pay for but fail to collect or use.
Updates to this page
Published 14 December 2018