ICAEW welcomes HMRC proposals on Terminal Markets Order
[ad_1] The Terminal Markets Order needs updating, but ICAEW questions why the proposed simplification doesn’t go further. HMRC’s consultation on reforming the Terminal Markets Order (TMO) proposed to modernise the legislation that underpins the VAT treatment of certain wholesale commodity transactions. In its response, ICAEW’s Tax Faculty agreed that the TMO needed modernising. It was […]