HMRC have published a Brief detailing a change in approach with regards to how to determine whether a supply is a business activity for VAT purposes. Supplies made ‘in the course or furtherance of any business’ are subject to VAT, with the appropriate rate out output tax due, subject to other considerations.
Source: thevatpeople.co.uk
Latest Posts in "United Kingdom"
- UK VAT Threshold Debate: Growth-Boosting Increase or Revenue-Raising Decrease at Autumn Budget?
- Chancellor Proposes Raising VAT Registration Threshold to £100,000 to Boost UK Economy
- Tribunal Rules Government Grants Not Consideration for VAT in Further Education Sector
- HMRC Announces New Advisory Fuel Rates for Company Cars Effective September 2025
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC
