RCB/30/08 VAT—partial exemption – launch of consultationRevenue & Customs Brief, Issue 30. 16 June 2008This Revenue and Customs Brief article announces the launch of a consultation on ideas to simplify the VAT partial exemption rules to reduce compliance costs for businesses. The consultation invites comments and suggestions on the three partial exemption areas identified as simplification priorities by businesses— — standard method — de minimis rules — capital goods scheme (CGS)It also invites comments on possibly combining partial exemption and business/non-business calculations.Partly exempt businesses and their representatives are encouraged to participate to help cut compliance costs. Further information on
Revenue & Customs Brief, Issue 30. 16 June 2008
This Revenue and Customs Brief article announces the launch of a consultation on ideas to simplify the VAT partial exemption rules to reduce compliance costs for businesses. The consultation invites comments and suggestions on the three partial exemption areas identified as simplification priorities by businesses—
— standard method
— de minimis rules
— capital goods scheme (CGS)
It also invites comments on possibly combining partial exemption and business/non-business calculations.
Partly exempt businesses and their representatives are encouraged to participate to help cut compliance costs. Further information on
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