Further to our blog “Update on our Meeting with HMRC and Treasury VAT Policy” published on 15th November 2013, we are still waiting on guidance to be issued by HMRC which sets out the UK position on the VAT treatment of wholesale supplies (further to the CECJ decision that was released last year) and the impact that this will have on the HMRC’s sanctioned Transport Company arrangement.
From our discussions with the HMRC VAT Travel Policy Team we have been informed that a business brief is in the process of being drafted and will be released shortly. HMRC have given no indication as to whether the current legislation will change as a result of the earlier decision. We wait in anticipation of the response and will provide an update as soon as we have any news.
If you have any questions regarding the above or would like to discuss the implications of the case in more detail please do not hesitate to contact Martyne Pearson on 01962 737 951 or via email at martyne.pearson@thevatconsultancy.com
