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Tag: Vat

Biomethane producers reverse charging for VAT exemption

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We've been in discussions with HMRC about whether biomethane producers of 4,000 m3/ hr and under should be exempt from the procedure of reverse charging of VAT on the gas sold to the wholesale market. This in principle sounds like a good idea as it would in theory mean less…

Posted in: News for Members, Policy updates

Tags: vat, vat reverse charges, anaerobic digestion, biomethane

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VAT for biomethane: outcome from ADBA meeting

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Yesterday I met HMRC to discuss the possible implications of the issue I blogged about a fortnight ago: the application of the domestic reverse charge (“DRC”) to biomethane supplies. As the blog above says, the DRC is an anti-fraud measure. HMRC believe that renewable energy supplies are low…

Posted in: News for Members, Policy updates

Tags: hmrc, tax, vat, biomethane, biogas, anaerobic digestion, biomethane to grid, shipping, RHI

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Biomethane VAT charge: are you affected?

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We are aware that some biomethane producers may have been subject to a surprise VAT charge, and are hear from members affected. The domestic reverse charge ('DRC') is an anti-fraud measure designed to tackle Missing Trader Intra-Community ('MTIC') fraud, in which VAT is avoided on imported goods but then reclaimed…

Posted in: News for Members, Policy updates

Tags: DECC, HMT, hmrc, tax, vat, biomethane, biogas, biomethane to grid, FIT, RO, biogas combustion, Matt Hindle, food waste operators, crop operators

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