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.

• From: HM Revenue & Customs
• Published: 14 December 2018

Documents

Revenue and Customs Brief 13 (2018): change to the VAT treatment of retained payments and deposits

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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.

Published 14 December 2018