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HMRC Toolkit: VAT Partial Exemption (2015)

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This toolkit was further updated in August 2015 to reflect the fact that draft regulations announced at Budget 2015 to prevent deduction of residual input tax in respect of supplies made by foreign branches are still under review and will not have effect from 1 August 2015 as originally intended.

This toolkit was further updated in August 2015 to reflect the fact that draft regulations announced at Budget 2015 to prevent deduction of residual input tax in respect of supplies made by foreign branches are still under review and will not have effect from 1 August 2015 as originally intended. See www.bit.ly/1K1hdSL.

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