Commentary

RCB/68/07 VAT—assets used partly for non-business purposes – implementation of “Lennartz Accounting” Regulations

Part V16 Forms and other HMRC material

RCB/68/07 VAT—assets used partly for non-business purposes – implementation of “Lennartz Accounting” Regulations

RCB/68/07 VAT—assets used partly for non-business purposes – implementation of “Lennartz Accounting” Regulations

Revenue & Customs Brief, Issue 68. 14 November 2007

At Budget 2007 a package of three measures was announced concerning the VAT treatment of assets to be used partly for non-business purposes – further details are set out in Budget Note 56. The “Lennartz Accounting” regulations, referred to section (b) under “General Description of the Measure” in the Budget Note, came in to force on 1 November.

HMRC has produced detailed guidance, including worked examples, to accompany these regulations and this is available on VAT Information Sheet 14/07 (Division

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