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Advanced Capital Goods Scheme Issues

Peter Hewitt of Ernst & Young LLP, follows up last week's Back to Basics article by considering some of the more complicated issues arising when adjusting input tax under the Capital Goods Scheme

 
Peter Hewitt of Ernst & Young LLP follows up last week's Back to Basics article by considering some of the more complicated issues arising when adjusting input tax under the Capital Goods Scheme
 
Back to Basics last week covered the theory of adjusting input tax under the Capital Goods Scheme (CGS) but when it comes to applying the CGS in practice more complex issues arise. Often the problems are so complex that neither business nor HMRC (Customs) will identify them! Here are just some of the wrinkles which are encountered.
Lennartz
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