Commentary

RCB/48/07 VAT—introduction of a reduced rate for the supply of smoking cessation products

Part V16 Forms and other HMRC material

RCB/48/07 VAT—introduction of a reduced rate for the supply of smoking cessation products

RCB/48/07 VAT—introduction of a reduced rate for the supply of smoking cessation products

Revenue & Customs Brief, Issue 48. June 2007

With effect from 1 July 2007, the supply of smoking cessation products will be eligible for the reduced rate of VAT (5 per cent).

This relief will be in force for a period of one year and its introductino will coincide with the ban on smoking in public places in England.

Scope of the reduced rate

A new group will be added to Schedule 7A of VATA 1994 to introduce the reduced rate to supplies of smoking cessation produces, which are paharmaceutical products

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