Direct mail transitional arrangements deadline
Posted by mostafa on 21 July, 2015
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This item was filled under Tax
HMRC have published a business brief explaining their approach to supplies of direct marketing that have been wrongly treated as zero-rated supplies (www.lexisurl.com/rcb102015).
The Revenue acknowledges that there have been misunderstandings over what is to be treated as a zero-rated supply of delivered goods or a standard-rated service. To clarify the position, it has updated the guidance in VAT Notice 700/24: postage, delivery charges and direct marketing and VAT Notice 701/10: zero-rating of books and other forms of printed matter.
The department has agreed …