Budget Day 2021 | Commentary

VAT refunds

Budget Day 2021 | Commentary

Value Added Tax

VAT refunds

Amendments to the VAT refund scheme to include S4C

Finance Act 2021 will extend the VAT refund scheme under VATA 1994, s 33 to include the S4C television channel by inserting a new VATA 1994, s 33(3)(ia).

VATA 1994, s 33 allows certain bodies to recover VAT attributable to their non-business activities and to 'insignificant' exempt activities. Under the proposed legislation from April 2021, S4C will become such a body.

The aim of this measure appears to be to ensure that VAT is not a cost to S4C (since changes to its operating model have resulted

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