BB/28D/99 VAT—treatment of EC grant aid for the processing of dried fodderBusiness Brief, Issue 28. 22 December 1999The purpose of this Business Brief is to notify a change to the VAT treatment of EC grants paid by the Intervention Board to processors of dried animal fodder.Details of changeUntil now the UK has not treated such payments as consideration for supplies by processors, but has regarded them as outside the scope of VAT. However, following an approach by the European Commission, the UK has agreed that these particular payments will be treated as falling within the scope of the tax.
Business Brief, Issue 28. 22 December 1999
The purpose of this Business Brief is to notify a change to the VAT treatment of EC grants paid by the Intervention Board to processors of dried animal fodder.
Until now the UK has not treated such payments as consideration for supplies by processors, but has regarded them as outside the scope of VAT. However, following an approach by the European Commission, the UK has agreed that these particular payments will be treated as falling within the scope of the tax.
**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.