A supply of goods or services is an 'exempt supply' if it is of a description for the time being specified in Schedule 9 to the Value Added Tax Act 1994; and an acquisition of goods from another member state1 is an 'exempt acquisition' if the goods are acquired in pursuance of an exempt supply2. Examples of the exempt supplies specified in Schedule 9 include education, land, health and welfare, insurance, and works of art3.
VAT is not chargeable on exempt supplies4. A supplier is not, therefore, entitled to credit for the input tax
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234