May 2024 - RBC VAT

New VAT treatment of voluntary carbon credits

29 May 2024| CATEGORIES: carbon credits, New VAT policy| TAGS: new VAT rules, Terminal Markets Order, voluntary carbon credits

HMRC have published RCB 7 (2024) on the new VAT treatment of voluntary carbon credits. With effect from 1 September 2024, the sale of these carbon credits will taxable for VAT purposes where the place of supply is in the UK.

UK and Italy reach agreement on reciprocity for VAT refunds

8 May 2024| CATEGORIES: Brexit, Italy, VAT refund| TAGS: Brexit, Italy, VAT refund

The UK has concluded a reciprocal agreement with Italy on VAT refunds. UK businesses not established in Italy will now be able to claim refunds of VAT paid on goods and services in Italy relating to their business activities under the EU’s 13th Directive process. UK businesses will not require a local tax representative.

RBCVAT provides practical, hands-on help and advice on all international VAT matters.

Month: May 2024

New VAT treatment of voluntary carbon credits

UK and Italy reach agreement on reciprocity for VAT refunds

RBCVAT provides practical, hands-on help and advice on all international VAT matters.