UK VAT Guide Receives Simplifications and Updates in Latest Version

Her Majesty's Revenue and Customs (HMRC) has published the latest version of VAT Notice 700, which is a guide for a variety of topics related to VAT. This latest publication simplifies numerous sections of the notice for easier understanding and clarity, and provides additional guidance on topics such as single and mixed supplies of goods, as well as agents who are registered for VAT but acting in their own name. All of the changes made by HMRC are summarized in Section 1.2 of the Notice, which can be found here.  



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