HMRC Guidance: Transitional guidance for VAT specified supplies

Find out about the transitional guidance on VAT treatment of transactions of specified supplies of finance and insurance services.

Contents

1. Overview
2. Types of businesses affected
3. General description of the change and background information
4. VAT treatment of specified supplies that span 11pm 31 December 2020
5. Residual input tax
6. Partial Exemption Special Methods (PESM)
7. Provisional recovery rate
8. Specific issues – tax point for insurance premiums
9. More information

Source gov.uk

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