Practical points 2019 - VAT and duties
Guidance from ICAEW's Tax Faculty for practitioners on the latest developments in practice, policy and legislation related to UK VAT and custom duties. These brief practical points are published each month in the faculty's magazine TAXline.
Contributed by Neil Gaskell
For example: a hotel room is booked on 4 January 2019 for a one night stay on 17 March 2019. The price is £100 plus £20 VAT. The hotel takes payment at the time of booking. The customer has no entitlement to a refund in the event of them cancelling or not using the room. The treatment is: