VBANDG12600 | "Relevant machine games": accounting for VAT on machine takings: tax points

The tax point for supplies of the playing of “relevant machine games” made from coin-operated machines is the date the machine is used. However, as an accounting convenience operators may delay accounting for VAT until the takings are removed from the machine. For all other purposes the normal tax point rules apply. Therefore, in the event of a theft of takings from a machine VAT must still be accounted for in full on any supplies that have been made from the machine.