HMRC internal manual https://www.gov.uk/hmrc-internal-manuals/vat-supply-and-consideration/vatsc06730 VAT Supply and Consideration Breach of contract. It is also possible for leases and other agreements to terminate early if a particular event occurs such as the customer breaching the terms or the lessee or an associate business calling in receivers. The contract deems that such events cancel its terms or effectively… Read Article →
Monthly Archives: October 2017
Timing 4.10 The customers’ identity and where applicable the identity of beneficial owners, must be verified before entering into a business relationship or occasional transaction. You can make an exception to when customer due diligence is carried out on any party to a sale only if both the following apply: ● it is necessary not… Read Article →
On 26 June 2017 The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (more commonly referred to as the Money Laundering Regulations 2017) came into force in the UK. These regulations supersede the Money Laundering Regulations 2007 and subsequent amendments. Business ‘Sales’/Business Transfer agents are defined as carrying out Estate Agency… Read Article →