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HMRC internal manual

Compliance Handbook

How to do a compliance check: information powers: third party notice: where no approval is required: statutory records in relation to the supply of goods and services

You supply goods if you pass the exclusive ownership of goods to another person.

Examples include

  • the sale of new or used goods and
  • the provision of water or any form of power, heat, refrigeration or ventilation; but not the hiring out of equipment which does this - this is a supply of services.

You supply services if you do something, other than supply goods, for a consideration.

Examples include providing a service as a

  • hairdresser
  • plumber
  • decorator.

Typical business records that would be affected in any of the above businesses would be

  • the VAT account
  • cash book
  • orders and delivery notes
  • purchase and sales ledgers
  • records of daily takings, such as till rolls.

The above list is not exhaustive.