HMRC has announced a temporary VAT Zero rate treatment which would remove a VAT cost on specific PPE items but that still leaves the VAT liability on gifts to be accounted for in the period to the 30th April 2020 on the value of such donated PPE equipment. Whilst this VAT liability will remain, the Government has announced that the value of VAT collected by HMRC on donated PPE equipment will be donated back to NHS Charities by HMRC.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- Understanding VAT Obligations and Reliefs for Charities in the UK
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty
- Colchester Institute Corporation v HMRC: VAT on Government Grants for Free Education Services
