VAT Toolkit

This HM Revenue and Customs (HMRC) toolkit is aimed at helping and supporting tax agents and advisers in completing VAT returns on behalf of their clients. It may also be of use to anyone who is completing a VAT return.

Last updated 12 September 2017 | Guidance

This toolkit provided by HM Revenue and Customs (HMRC) is aimed at helping and supporting tax agents and advisers when completing VAT returns on behalf of clients. It may also be of use to anyone who is completing a VAT return.

Last updated 18 July 2017 | Guidance

Guidance for tax agents and advisers on calculating how much input tax is partly exempt in client VAT returns.

Last updated 18 July 2017| Guidance

You can verify the validity of a VAT number issued by any Member State 

'How VAT works' to help you deal with VAT

VAT decisions from the First-tier and Upper Tribunal and updates to VAT appeal cases

ICN Online is a searchable web tool that you can use to find appropriate commodity codes to help with your Intrastat declaration.

The EU sets the broad VAT rules through European VAT Directives, and has set the minimum standard VAT rate at 15%.  The 28 member states are otherwise free to set their standard VAT rates.  

The EU Commission website contains a range of VAT eLearning modules which explain the core workings of VAT within the EU legislation. Whilst the UK is considering it’s negotiating position post the Brexit vote it is important to note that VAT will continue to operate here in the UK.  Indeed, VAT is no longer solely a European Tax. It’s proved such an effective tax revenue generator that similar systems operate in around 115 countries across the world. 

The EU modules will give a useful background to how the system impacts on areas including digital services and the Mini One Stop Shop (MOSS) regulations – which are subject to review currently – so watch this space for changes.

This link to the EU Commission website will take you to the 12 different modules they have produced. Remember that this is the EU legislation and you should always sense check your position to the UK interpretation as well to ensure you are applying your UK VAT treatment correctly. For example, we use the ZERO rate on a much wider range of transactions than elsewhere in the current EU membership.

As always do take specific advice on more detailed transactions where you are unsure of the VAT treatment.

An HMRC video explaining the importance of good record keeping for VAT purposes.

HMRC Course: How VAT works.  
It’s free and you can use it whenever you like.

This HMRC video explains what digital record keeping means as part of Making Tax Digital for VAT. Businesses are required to keep digital records as part of Making Tax Digital for VAT.

Welsh Government has launched a £1m Brexit Resilience Fund which Welsh Businesses can access to help them access funding to assist in project costs they will incur as they prepare for whatever Brexit deal is delivered. This link will take you to the Business Wales Brexit Portal and on here you will find not just details of the Resilience Fund and how to apply but also a link to the Brexit Tool Kit where could be a useful trigger for your business to highlight where your Brexit practical business concern will lie.

As ever Centurion VAT can assist with the corporate structuring or supply chain aspects where VAT will cause an issue, so do make contact with us.