BB/17B/94 VAT on milk quotas

BB/17B/94 VAT on milk quotas

Business Brief, Issue 17 . 12 September 1994

Recent amendments to the Dairy Products Quotas Regulations allow the transfer of milk quotas without land in certain circumstances. This is a derogation from the general principle of quota attached to land. The supply or transfer of a milk quota without land qualifies as a supply of services, and is therefore standard rated.

However, when the transfer of a milk quota is linked with a supply of land under one agreement, this is regarded as one supply for VAT purposes. It doesn't matter if the land is sold freehold

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