HMRC launch letter campaign to energy suppliers on reduced VAT rate errors
22 September 2023| CATEGORIES: domestic fuel, HMRC campaign, reduced VAT rate| TAGS: de minimis test, energy suppliers, HMRC campaign, reduced VAT rate
HMRC have launched a ‘one-to-many’ letter campaign aimed at energy suppliers, regarding the reduced VAT rate for supplies of fuel and power. HMRC are asking that suppliers review their systems and processes for accounting for VAT, to ensure they are accounting for VAT in line with HMRC’s published guidance.