HMRC has published Revenue and Customs Brief 4/2018, announcing extension of the time limit for refund claims by public bodies in respect of VAT costs associated with their statutory obligations from three to four years, with effect from 1 July 2018.
HMRC has published Revenue and Customs Brief 4/2018, announcing extension of the time limit for refund claims by public bodies in respect of VAT costs associated with their statutory obligations from three to four years, with effect from 1 July 2018. This will align public sector refunds with normal VAT time limits.
The time limit for HMRC to seek adjustments relating to claims is also extended from three to four years.
Transitional rules between 30 June 2018 and 30 June 2019 will prevent adjustments for accounting periods ending earlier than 30 May 2015.
By 31 July 2019, the four year time limit will have come fully into effect, which means a claim for adjustment made on that date would go back to the period ending 30 June 2015.
HMRC has published Revenue and Customs Brief 4/2018, announcing extension of the time limit for refund claims by public bodies in respect of VAT costs associated with their statutory obligations from three to four years, with effect from 1 July 2018.
HMRC has published Revenue and Customs Brief 4/2018, announcing extension of the time limit for refund claims by public bodies in respect of VAT costs associated with their statutory obligations from three to four years, with effect from 1 July 2018. This will align public sector refunds with normal VAT time limits.
The time limit for HMRC to seek adjustments relating to claims is also extended from three to four years.
Transitional rules between 30 June 2018 and 30 June 2019 will prevent adjustments for accounting periods ending earlier than 30 May 2015.
By 31 July 2019, the four year time limit will have come fully into effect, which means a claim for adjustment made on that date would go back to the period ending 30 June 2015.
