Commentary

RCB/10/10 VAT—partial exemption – changes to the de minimis rules

Part V16 Forms and other HMRC material

RCB/10/10 VAT—partial exemption – changes to the de minimis rules

RCB/10/10 VAT—partial exemption – changes to the de minimis rules

Revenue & Customs Brief, Issue 10. 8 March 2010

This Revenue & Customs Brief announces two changes to simplify the partial exemption de minimis rules that take effect from 1 April 2010:

  1.  

    —     simplified tests

  2.  

    —     annual test

The de minimis limit remains the same but the changes make it easier and less time-consuming for businesses to confirm their de minimis status.

The changes are being made following a consultation on ideas to simplify the partial exemption rules, which confirmed strong support for their implementation. They are optional

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