HM Revenue and Customs have announced VAT Accounting changes that will affect companies trading in the following electronic goods: mobile telephones and integrated circuit devices, such as microprocessors and central processing units, in a state prior to integration into end user products. The changes are designed to stop VAT fraud in the UK.
Please click on the link below for full details on how it will impact customers and our plans to maintain compliance.
If you do a search on PartnerSource for HMRC you’ll find the changes and implementation guidelines.
Posted By Fee Nolan