VAT Return – some text changes

The paper version of the VAT return has been revised to reflect some reporting clarifications:

• The heading to the second section of the return, which previously read ‘REVERSE CHARGE’ now reads ‘DEDUCTIONS OF SELF-CHARGED VAT’
• The text of box 9, which previously read ‘IC ACQUISITIONS OF GOODS FOR RESALE’ now reads ‘IC ACQUISITIONS OF GOODS EXCLUDING CAPITAL GOODS’ clarifying that the IC Acquisitions of goods both for resale and for business use, excluding Capital Goods, are reported therein.

It is understood that the electronic version of the VAT Return will shortly likewise be revised to reflect the above changes.