In September 2020, HMRC released Revenue and Customs Brief 12 (2020), which set out changes in their position on the VAT treatment of termination fees and compensation and left many scratching their heads about dilapidations payments and whether they will now be subject to VAT. It’s looking likely, but while we await official clarification from HMRC this month here’s everything you need to know about the potential changes to VAT on dilapidations and how to prepare.
Source: hollisglobal.com
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