The primary UK legislation concerning retail schemes is VATA 1994, Sch. 11, para. 2(6). This authorises HMRC to make regulations permitting retailers to calculate the value of their supplies; hence the Value Added Tax Regulations 1995 (1995/2518), Pt. IX. The additional law there is brief and the main rules are in the public notices.

Official publications on retailers

Parts of the notices published under Value Added Tax Regulations 1995, reg. 67 have the force of law; other parts are merely guidance. Generally, parts, which are tertiary legislation, are identified in the introductory paragraphs in the notices. The publications are:

Notice 727 Retail schemes;

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.