VATupdate

Simplifying VAT land exemption – will HMRC’s review succeed?

The Office of Tax Simplification (‘OTS’) has taken notice of increased complexity in VAT and their report of November 2017 suggesting that the VAT regime is both complex and poor at keeping up with the economy prompted HMRC to seek views on how land and property exemption can be simplified.

Source: centurionvat.com

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