United Kingdom: HMRC has updated its VAT Input Tax Manual and Notice 700/17, affecting how employers and trustees recover VAT on pension scheme services. The changes remove the 30/70 split rule and tripartite contract guidance, and clarify that employers must contract directly for services to recover VAT.
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Tradeshift · about 13 hours ago
The United Kingdom’s Commercial Payments Bill will cap payment terms at 60 days and introduce 8% interest on late payments, while the e-invoicing mandate requires all VAT-registered businesses to exchange structured invoices over Peppol by 1 April 2029. Both measures aim to tackle the £11 billion annual cost of late payments, but the article argues that e-invoicing alone is insufficient without process improvements.
The Carer · 1 day ago
The UK will require all businesses, including care providers, to issue invoices electronically from the April 2029 tax year. The mandate aims to replace paper-based invoicing with machine-readable, structured data to improve accuracy and efficiency. Care homes stand to gain automation, better visibility and stronger compliance through this shift.
LinkedIn · 2 days ago
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Casino.org · 2 days ago
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Scottish Financial News · 2 days ago
Scotland: Charities urged to plan early for VAT as the Capital Goods Scheme threshold rises from £250,000 to £600,000 from 29 July 2026. The change reduces the number of projects requiring decade-long monitoring, easing administrative burden for charities and third-sector organisations.
Anota · 5 days ago
The UK’s e-invoicing mandate will become mandatory for VAT-related B2B and B2G transactions from April 2029, requiring structured, machine-readable invoices. HMRC confirms existing VAT invoice requirements remain, but transmission and validation will change. Early preparation is advised to avoid data challenges and ensure compliance.
Key Takeaways
From 18 June 2025, HMRC removed the apportionment requirement for investment management services in Scenarios 2 and 3, allowing employers to recover the associated VAT in full.
From 18 June 2025, HMRC removed the 30/70 split rule for such invoices, treating all costs as recoverable for employers.
Primary source
Read the full article at Mayer BrownThis summary was published on VATfaqs.com on 30 July 2026. It relates to VAT developments in United Kingdom. The original source is Mayer Brown.
