RCB/10/10 VAT—partial exemption – changes to the de minimis rulesRevenue & Customs Brief, Issue 10. 8 March 2010This Revenue & Customs Brief announces two changes to simplify the partial exemption de minimis rules that take effect from 1 April 2010: — simplified tests — 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 and businesses
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:
— simplified tests
— 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 and businesses
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