Specific sectors where VAT rules will see a more immediate change include for Pharmacists, where from the 1 May 2023 they will be able to extend the VAT exemption they apply to services covered under the medical provision by registered pharmacists. It’s important to note, however, that for any businesses the more VAT exempt supplies you make, the less potential VAT recovery on the cost of running your business you can benefit from. An issue for pharmacists to consider as they recode their income from May.
Source Centurion
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