Exemption ― supplies of stamps and philatelic items

Produced by Tolley
Exemption ― supplies of stamps and philatelic items

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

  • Exemption ― supplies of stamps and philatelic items
  • Postage stamps
  • Stamped stationery
  • First day covers
  • Philatelic items
  • Postage charges

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s VAT and customs regime. This document contains guidance on subjects potentially impacted by these changes. Before continuing your research, see the Brexit — overview guidance note.

This guidance note provides an overview of the VAT treatment of supplies of stamps, etc.

Postage stamps

Within the UK and the Isle of Man (hereafter called the UK), the supply of valid postage stamps that are used to pay for postal services is a supply of services. However, the value of the supply is disregarded for VAT purposes except to the extent that the consideration exceeds the face value of the stamp. The

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