Commentary

PN/58/89 VAT—treatment if certain agricultural grant schemes

Part V16 Forms and other HMRC material

PN/58/89 VAT—treatment if certain agricultural grant schemes

PN/58/89 VAT—treatment if certain agricultural grant schemes

Press Notice 58/89. 9 August 1989

Customs and Excise have been considering whether the voluntary surrender of right by landowners and farmers in return for the payment of certain grants should be liable to VAT at the standard rate, eg the surrender by a farmer of his milk quota in return for the payment of a grant by the Ministry of Agriculture, Fisheries and Food.

Customs have consulted other member states and the EC Commission. These discussions have not yet been finally concluded, and Treasury Ministers have therefore decided that VAT should not be applied

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