Update to VAT Notice: Should I be registered for VAT?

VAT Notice 700/1: Should I be registered for VAT? has been updated.

The update concerns the change of rules concerning the retention of records from 1 September 2007.

Under the new rules a seller of a business as a going concern has to keep the business’s records, but has to make available to the purchaser sufficient information for them to be able to meet their VAT obligations.

Related posts:

1. HMRC release new version of Notice “Keeping VAT records”
2. HMRC update information on known fraud attempts against taxpayers
3. New Invoicing rules in the UK
4. New Place of Supply of Services rules from 1 January 2010
5. VAT Notes 4 issued by HMRC