Following the Chancellors Budget yesterday, there were some announcements made for VAT purposes. However, there were no major systemic changes or changes in the rates of VAT.
The VAT announcements were as follows;
VAT: addressing borderline anomalies
VAT: revalorisation of registration and deregistration thresholds
VAT: revalorisation of fuel scale charges
VAT relief for European Research Infrastructure Consortia (ERICs)
VAT: low value consignment relief
VAT: cost sharing exemption
VAT: tackling VAT fraud on imported road vehicles
VAT: online registration
VAT: grouping extra statutory concession
VAT: supplies of goods or services by public bodies
VAT: reduced rate for energy-saving materials in charity buildings
VAT: zero rate for adapted motor vehicles and boats for wheelchair users
VAT: fuel scale charges
VAT refunds for NHS bodies
VAT invoicing rules
VAT: Universal Credit consequential changes
VAT: exemption for education providers
VAT: freight transport services
To see how these announcements affect you or your business, please do get in touch.
www.rogerbevanconsulting.com
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