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Contents

Official guidance
VAT Retail schemes guidance

VRS5000 · Adaptations to standard retail schemes

  • VRS5050 · Introduction and general policy
  • VRS5100 · Considering and approving adaptations
  • VRS5150 · Point of sale scheme
  • VRS5200 · Apportionment scheme 1
  • VRS5250 · Apportionment scheme 2
  • VRS5300 · Direct calculation scheme
  1. Adaptations to standard retail schemes: Contents
  2. Adaptations to standard retail schemes: Point of sale scheme

VRS5150 | Adaptations to standard retail schemes: Point of sale scheme

From HM Revenue & Customs · VAT Retail schemes guidance

Retailers who wish to treat minor levels of zero- or lower-rated sales as standard-rated may do so. Officers should ensure that the business is aware of both the advantages (such as simplification), and disadvantages (such as “tax” not charged to the customer), of doing so. If the retailer still wishes to proceed, approval may be given as above.

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