Commentary

V1.312 Brexit—zero-rating, reduced-rating and exemption

Part V1 General principles and rates of tax

V1.312 Brexit—zero-rating, reduced-rating and exemption

Brexit—liability

V1.312 Brexit—zero-rating, reduced-rating and exemption

This paragraph considers ways in which Brexit may impact on the zero-rating, reduced-rating and exemption provisions. For coverage of those provisions generally, see Division V4.1 (exemption), Division V4.2 (zero-rating) and Division V4.4 (reduced-rating). For discussion of the impact of Brexit on the flexibility to set rates in the UK, see V1.301A, and for an overview of the impact of Brexit on VAT more broadly, see V1.301.

In the short term at least, it is not anticipated that there will be many direct changes to zero-rating, reduced-rating and exemption in the UK at the end of the implementation period. Nonetheless, some consequential

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