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.