Daniel Johnson and Chris Chatting (Deloitte) consider why this issue has been raised now and what the future changes might be.
HM Treasury (HMT) has launched a call for evidence into the UK’s VAT grouping rules. The call for evidence covers a broad range of topics – from limiting UK VAT grouping to UK establishments only to the eligibility criteria and the optionality of the regime.
This article considers why this has been raised now what HMT is gathering evidence on and what future changes might be. As an HMT initiative the output seems more likely to be changes to legislation as opposed to a refresh of existing guidance and practice.
This is particularly important for partially exempt businesses (especially financial services and real estate groups) where VAT grouping (especially of overseas branches) is often a...
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Daniel Johnson and Chris Chatting (Deloitte) consider why this issue has been raised now and what the future changes might be.
HM Treasury (HMT) has launched a call for evidence into the UK’s VAT grouping rules. The call for evidence covers a broad range of topics – from limiting UK VAT grouping to UK establishments only to the eligibility criteria and the optionality of the regime.
This article considers why this has been raised now what HMT is gathering evidence on and what future changes might be. As an HMT initiative the output seems more likely to be changes to legislation as opposed to a refresh of existing guidance and practice.
This is particularly important for partially exempt businesses (especially financial services and real estate groups) where VAT grouping (especially of overseas branches) is often a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
