As 2022 gets underway, I’ve been reflecting on the first year of EY’s Future of VAT in the UK campaign and what comes next. Twelve months ago, I and my colleagues were preparing to launch our first survey, knowing that the UK was at the beginning of a really important time of change for VAT, not least due to the end of the Brexit transition period. Despite a few high-profile announcements, like the reduced rate for women’s sanitary products and the extension of the temporary reduced rate for hospitality, 2021 actually ended up being a relatively quiet year for VAT. However, this apparent lack of activity hasn’t changed our view that we are at the beginning of a key decade for VAT in the UK.
Source David Reaney
Latest Posts in "United Kingdom"
- City of Portsmouth College v HMRC: VAT on Government Grants for Free Education Services
- 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
