Value Added Tax

Coronavirus (COVID-19) and VAT ― liability changes

Produced by Tolley
  • 19 Oct 2021 11:22

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Coronavirus (COVID-19) and VAT ― liability changes
  • E-publications ― zero-rating
  • Personal protective equipment (PPE) ― temporary zero-rating
  • Hospitality ― temporary reduced rate
  • Practical points ― VAT liability changes

Coronavirus (COVID-19) and VAT ― liability changes

This guidance note examines changes to the VAT liability of supplies of certain goods and services that have been prompted by the coronavirus (COVID-19) outbreak. For an overview of the impact of coronavirus on VAT more broadly, see the Coronavirus (COVID-19) and VAT ― overview guidance note.

E-publications ― zero-rating

The Government had already planned to introduce a zero-rating for e-publications (in order to align treatment with their physical counterparts). However, given the coronavirus crisis the measure was introduced earlier than planned, with effect from 1 May 2020. For details of the zero-rating, see the Printed matter and e-publications ― e-publications guidance note.

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

Think Tax.
Think Tolley.

Critical, comprehensive and up-to-date tax information

LEARN MORE LEARN MORE

Popular Articles

Premiums on leases

OutlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease. In the absence of specific legislation to the contrary, such premiums would all

19 Oct 2021 22:52 | Produced by Tolley Read more Read more

Requirement for trust accounts

Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust fund. This duty is established by a substantial body of case law. In the case of Armitage v Nurse, Millett LJ stated:“Every

19 Oct 2021 23:08 | Produced by Tolley Read more Read more

Share for share exchange

This guidance note considers the capital gains tax implications where shares are sold in exchange for new shares.The consideration paid by a purchasing company to the shareholder(s) for their shares in a target company could be in the form of either:•new shares in the purchasing company in exchange

10 Jan 2022 15:02 | Produced by Tolley Read more Read more