HMRC have announced the publication of guidance covering the changes to address VAT borderline anomalies announced at Budget 2012.
The majority of the changes take effect from 1 October 2012. The changes which relate to caravans will however take effect from 6 April 2013.
Seven information sheets are available which cover the following areas:
- Hot food and premises
- Sports nutrition drinks
- Listed buildings
- Hairdressers’ chairs
- Self storage and
- Anti-forestalling (in relation to the listed building and self storage changes)
HMRC have confirmed in their press release:
‘Information sheets are being published to explain how each of the changes will work. These will be incorporated into HMRC’s books of guidance as soon as possible.’
If you would like any guidance in any of these areas please do get in touch.
Internet link HMRC VAT briefs