The CIOT wrote to HMRC in respect of the correct accounting for bad debt relief for VAT payments on account businesses, where they had both part paid and part deferred the total VAT due in a VAT quarter during the VAT return deferral period of 20 March to 30 June 2020.
The government has published further information on what the Northern Ireland Protocol means for moving goods into and out of Northern Ireland. At the heart of the guidance is the commitment to provide extensive support for businesses engaging in new processes. In particular, the government will establish a new Trader Support Service.
This update provides information about the letters and the certificate of tax position, together with some guidance to help members decide the most appropriate way to respond if a client receives one of the letters from HMRC.