Market leading insight for tax experts
View online issue


Reverse charge
HMRC Brief 28/09 issued on 20 April states:
'VAT — reverse charge accounting for businesses trading in mobile telephones and computer chips: renewal of EU derogation
'Who needs to read this?
'Businesses buying and/or selling any of the following goods:
●     mobile telephones
●     integrated circuit devices such as microprocessors and central processing units in a state prior to integration into end-user products.
'The reverse charge for mobile phones and computer chips was implemented with effect from 1 June 2007 to remove the opportunity for fraudsters to use these goods to perpetrate missing trader intra-community (MTIC) carousel fraud. As an exception to the normal accounting...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.