Peter Sheppard, of the Royal Bank of Scotland plc, considers HMRC's latest proposals to reform the recovery of input tax in a partial exemption context
Peter Sheppard of the Royal Bank of Scotland plc considers HMRC's latest proposals to reform the recovery of input tax in a partial exemption context
Budget Notice 49 (VAT: partial exemption) announced an informal consultation that is being held to consider two changes that HMRC intends to introduce with effect from April 2007 which HMRC considers will strengthen the partial exemption special method regime. This article considers the changes that were announced in the Budget Notice and accompanying consultation document looks at points raised at an informal consultation meeting on 2 May at HM Treasury and discusses the 'question and answer' document issued subsequently.
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Peter Sheppard, of the Royal Bank of Scotland plc, considers HMRC's latest proposals to reform the recovery of input tax in a partial exemption context
Peter Sheppard of the Royal Bank of Scotland plc considers HMRC's latest proposals to reform the recovery of input tax in a partial exemption context
Budget Notice 49 (VAT: partial exemption) announced an informal consultation that is being held to consider two changes that HMRC intends to introduce with effect from April 2007 which HMRC considers will strengthen the partial exemption special method regime. This article considers the changes that were announced in the Budget Notice and accompanying consultation document looks at points raised at an informal consultation meeting on 2 May at HM Treasury and discusses the 'question and answer' document issued subsequently.
...
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