VATupdate

Finance Bill 2022: Simplification VAT rules, VAT exemption for COVID-19 supplies, E-Commerce, Optional taxation financial transactions

Measures to simplify VAT rules and comply with EU VAT law, including the VAT exemption on imports and supplies to EU bodies for COVID-19, certain aspects of the EU e-commerce rules, and changes in the VAT option to tax rules for the financial sector, allowing the option to be applied by operation rather than globally on all operations

Source Orbitax

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