Commentary

RCB/23/07 VAT—partial exemption special method approvals

Part V16 Forms and other HMRC material

RCB/23/07 VAT—partial exemption special method approvals

RCB/23/07 VAT—partial exemption special method approvals

Revenue & Customs Brief, Issue 23. 14 March 2007

This article provides further guidance on preparing and submitting the new Declaration that is required for all partial exemption special method applications that are approved on or after 1 April 2007. This article should be read in conjunction with the guidance at: HM Revenue & Customs: Changes to the VAT partial exemption special method regime. Further guidance on partial exemption is in Notice 706 (Part V8).

Background

With effect from 1 April, HMRC will only approve a special method if the business has declared it to be fair

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