HMRC has revised its policy in relation to pre-registration input tax. It will now accept proof of payment of VAT charged on the supply deemed to have been made on a deregistration as evidence in support of a valid input tax claim under Value Added Tax Regulations, SI 1995/2518, paragraph 111.
Previously, in the absence of a VAT invoice HMRC took the view that relief should be given by concession because "the lack of any deduction offended neutrality". The revised policy is explained in Revenue & Customs Brief 01/12.
HMRC has revised its policy in relation to pre-registration input tax. It will now accept proof of payment of VAT charged on the supply deemed to have been made on a deregistration as evidence in support of a valid input tax claim under Value Added Tax Regulations, SI 1995/2518, paragraph 111.
Previously, in the absence of a VAT invoice HMRC took the view that relief should be given by concession because "the lack of any deduction offended neutrality". The revised policy is explained in Revenue & Customs Brief 01/12.
