- New VAT guidelines for compliance were published on 18 September 2024
- Guidelines for Compliance GfC8 aim to help businesses with VAT compliance controls
- HMRC recommends these guidelines to help businesses understand expectations for accounting and compliance processes
- The guide covers various aspects of VAT compliance controls, including order to cash, procure to pay, and VAT reporting
- The guidelines are intended for those responsible for governance, controls, processing, and submitting of VAT returns, such as VAT and tax managers, finance and IT professionals, and senior management
Source: deeksvat.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
