Change of VAT Rate The rise of VAT rate to 20% announced in the UK budget, and introduced on the 4th January 2011, also came into force in the Isle of Man at the same time. The latest guidance on how to acccount for this change in rate, as issued by HM Revenue and Customs can be found here. EU Cross-Border VAT Refund Claims Traders are reminded that the closing date for making claims for 2011 is 30 September 2012 EU VAT refund claims are made using an HMRC online system. Isle of Man traders wishing to make EU VAT refund claims should click here to read how to access this system. A useful checklist on what to do once you are making a claim can also be found by clicking here |
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