This paragraph examines VAT provisions linked with changes in consideration, namely:
- Ìý
•ÌýÌýÌýÌý the requirement to adjust the VAT account to reflect changes in consideration under SI 1995/2518, reg 38
- Ìý
•ÌýÌýÌýÌý the special adjustment requirement that applies to refunds by 'manufacturers' to final consumers under SI 1995/2518, reg 38ZA
- Ìý
•ÌýÌýÌýÌý the requirement to issue a credit or debit note in respect of a change in consideration under SI 1995/2518, reg 15C (in respect of changes in consideration occurring on or after 1 September 2019)
The paragraph also considers the meaning of an increase or decrease in consideration in this context and comments on the history of time limits ('capping') in this area.
Requirement to adjust VAT account to reflect change in consideration
SI 1995/2518, reg 38 is made under VATA
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial
Web page updated on 26 Aug 2024 09:34