VAT TOOLKITS

摘要

HM Revenue & Customs has started publishing guidelines for agents, said to be effective from 1 February 2011, which act as checklists to support good compliance. There appears to be some linkage between the use of these toolkits and cases where HMRC may treat an error as being 'careless' for the purposes of the penalty regime. Guidance documents issued in February cover partial exemption and VAT on supplies. Inevitably, they are rather wordy, even though the intention is that they should be condensed. It will be interesting to see whether the toolkits catch on as tools for improving compliance.