The Value Added Tax (Amendment) (No. 2) Regulations, SI 2014/1497, relieve those suppliers of gas and electricity to which the new domestic reverse charge for wholesale trading in gas and electricity applies, from the requirement to make reverse charge sales statements.
The Value Added Tax (Amendment) (No. 2) Regulations, SI 2014/1497, relieve those suppliers of gas and electricity to which the new domestic reverse charge for wholesale trading in gas and electricity applies, from the requirement to make reverse charge sales statements. The regulations and the new reverse charge come into effect on 1 July 2014.
The Value Added Tax (Section 55A) (Specified Goods and Excepted Supplies) Order, SI 2014/1458, specifies the goods to which the new domestic reverse charge for wholesale trading in gas and electricity applies with effect from 1 July 2014 and those supplies which are excepted.
The government is introducing a new reverse charge to remove the opportunity for missing trader intra-community fraud in the energy sector. Related guidance was set out in Revenue & Customs Brief 23/2014.
The Value Added Tax (Amendment) (No. 2) Regulations, SI 2014/1497, relieve those suppliers of gas and electricity to which the new domestic reverse charge for wholesale trading in gas and electricity applies, from the requirement to make reverse charge sales statements.
The Value Added Tax (Amendment) (No. 2) Regulations, SI 2014/1497, relieve those suppliers of gas and electricity to which the new domestic reverse charge for wholesale trading in gas and electricity applies, from the requirement to make reverse charge sales statements. The regulations and the new reverse charge come into effect on 1 July 2014.
The Value Added Tax (Section 55A) (Specified Goods and Excepted Supplies) Order, SI 2014/1458, specifies the goods to which the new domestic reverse charge for wholesale trading in gas and electricity applies with effect from 1 July 2014 and those supplies which are excepted.
The government is introducing a new reverse charge to remove the opportunity for missing trader intra-community fraud in the energy sector. Related guidance was set out in Revenue & Customs Brief 23/2014.
