Policy paper
Amendment to VAT reverse charge for emissions allowances
This tax information and impact note is about preventing a loophole in an existing domestic reverse charge for emissions allowances following the introduction of a UK emissions trading scheme on 1 January 2021.
Documents
Details
This is an anti-fraud measure which prevents a loophole removing the opportunity for fraudsters to charge VAT and then go missing before paying it over to the Exchequer.
Published 24 March 2021