UK: HMRC update CIOT on Digitisation of the VAT Retail Export Scheme (RES)

The CIOT has published an update from HMRC on their project to digitise the VAT RES system, to improve the efficiency and help reduce fraud. The general principles set out in current VAT law and in policy (as outlined in VAT Notice 704) are not expected to change significantly, the digital system will still require the traveller’s details to be recorded and the eligibility of the traveller to be verified, the digital VAT407 claim form will still require a customs endorsement – albeit electronically applied, and any changes to law or policy will focus on enabling the digital process. Update here