Primary care networks can present a confusing VAT picture, as Jonathan Main (MHA Moore and Smalley) explains.
In the 2016 Autumn Statement the Office of Tax Simplification (OTS) was asked to carry out a simplification review into the VAT system. It published its findings in November 2017 which included a recommendation that ‘HM Treasury and HMRC should undertake a comprehensive review of the reduced rate zero-rate and exemption schedules working with the support of the OTS’. Sadly this much needed review of archaic VAT legislation that is well beyond its useful life has not taken place. We are therefore left with a confusing picture caused by both legislation and HMRC guidance that is not fit for purpose. This article sets out the approach to be taken to best deal with this situation.
What is a primary care network?
A primary care network (PCN) provides...
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Primary care networks can present a confusing VAT picture, as Jonathan Main (MHA Moore and Smalley) explains.
In the 2016 Autumn Statement the Office of Tax Simplification (OTS) was asked to carry out a simplification review into the VAT system. It published its findings in November 2017 which included a recommendation that ‘HM Treasury and HMRC should undertake a comprehensive review of the reduced rate zero-rate and exemption schedules working with the support of the OTS’. Sadly this much needed review of archaic VAT legislation that is well beyond its useful life has not taken place. We are therefore left with a confusing picture caused by both legislation and HMRC guidance that is not fit for purpose. This article sets out the approach to be taken to best deal with this situation.
What is a primary care network?
A primary care network (PCN) provides...
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:
