Commentary

V3.468 Partial exemption—proposals for simplification

Part V3 Supplies, acquisitions and imports

V3.468 Partial exemption—proposals for simplification

V3.468 Partial exemption—proposals for simplification

At Spring Statement 2019, it was announced that the Government would launch a call for evidence on potential simplification and improvement of the VAT Partial Exemption (PE) regime to ensure that it is as simple and efficient for taxpayers as possible. This followed on from the findings of the 2017 Office of Tax Simplification (OTS) VAT review. In November 2017, the OTS published its report, 'Value Added Tax: Routes to Simplification' which made recommendations on the operation of various aspects of VAT, including PE and the CGS.

PE is an area of VAT which can often

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