Events listed in The Value Added Tax (Terminal Markets Order)
Legislative reform of the Terminal Markets Order: Consultation
ID 24256
The HM Treasury and the HM Revenue & Customs have launched a joint consultation on proposed modifications to the Value Added Tax (Terminal Markets Order) (TMO). The changes are primarily aimed at modernizing the order and providing more regulatory flexibility. #### Background The Value Added Tax (Terminal Markets Order) was implemented in 1973 to clarify the treatment of wholesale commodity transactions made by members ...