tax point

Advice on the correct timing for COS VAT recovery for NHS bodies

Our newsletter dated 12th June 2014 explained that HM Revenue & Customs (HMRC) had informed the NHS 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 [...]

July 30th, 2015|Categories: NHS VAT News Archives|Tags: , , , |Comments Off on Advice on the correct timing for COS VAT recovery for NHS bodies

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: , , , , , , , , , , , , |Comments Off on Tax Point Rules – Temporary ‘Relaxation’ in HM Revenue & Customs’ Approach