annual deadline

COS VAT estimates and 6 month deadline extension

HM Revenue & Customs (HMRC) has today announced some further easements in VAT accounting for the NHS due to the ongoing COVID-19 situation.Full details of the easements are shown on the attached letter, but to summarise:COS VAT estimationIt has been recognised that some organisations may not be able to submit accurate COS VAT claims.Requests for [...]

April 7th, 2020|Categories: NHS VAT News Archives|Tags: annual deadline, contracted-out services, vat|Comments Off

Tax Point Rules – Temporary ‘Relaxation’ in HM Revenue & Customs’ Approach

HM Revenue & Customs (HMRC) issued a letter to the NHS in December 2013 stating that the proper tax point (time of supply) rules should be applied to Contracted-out services (COS) VAT recovery. This meant that COS VAT should be claimed on the VAT return for the period in which the invoice is dated, or [...]

June 12th, 2014|Categories: NHS VAT News Archives|Tags: annual deadline, contracted-out services, cos, hm revenue & customs, hmrc, invoice date, nhs, registration date, tax point, time of supply, vat, vat recovery, vat return|Comments Off

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