Constable VAT Consultancy LLP

HMRC have announced in Revenue and Customs Brief 24/07 that the reverse charge for mobile phones and computer chips will be implemented in 1 June 2007.

The reverse charge will apply to supplies of specified goods with a VAT exclusive value of £5000 or more.

The brief details how the new provisions will apply to particular types of business and how the reverse charge will be reported.

To view the Brief on HMRC's website click here.