UK HMRC has launched an open consultation on VAT and value shifting, which includes proposed revisions of the rules for apportioning the consideration between supplies with mixed liabilities in a single transaction. The closing date for comments is 30 March 2021. --- Consultation description This consultation seeks views on a proposed revision of the rules for apportioning the consideration between supplies with mixed liabilities in a single transaction. The current law in section 19(4), Value Added Tax Act 1994 (VATA 94) is non-prescriptive and some businesses pay less VAT by apportioning more consideration (or 'shifting the value') to non-standard rated...