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VATNMT6100 | Risks and assurance: objectives

From HM Revenue & Customs · VAT New Means of Transport

Note: The content of this manual applied up until 31 December 2020. Any content still applying to Northern Ireland after this date can be found in the VAT New Means of Transport Northern Ireland (VATNINMT) manual.

The assurance objectives at trader’s premises are:

  • zero-rating of each new means of transport supplied for removal is appropriate;

  • vendors of new means of transport submit the original Forms VAT 411 to the PTU on a timely basis and that the forms are properly completed;

  • VAT is accounted for correctly on acquisitions by VAT-registered persons, whether for onward sale or personal use; and

  • VAT 101s (EU Sales lists) are completed for supplies of new means of transport to registered businesses in other EU member-states who take delivery of the new means of transport in the UK for subsequent removal to the member-state of consumption.