HMRC Guidance: Partial Exemption (VAT Notice 706)

Update 14 September 2023. Find out about partial exemption and the methods and calculations to use to see how much input tax you can recover.

Contents

1. 1. Overview
2. 2. Partial exemption in general
3. 3. How to calculate how much input tax you can recover
4. 4. The standard method
5. 5. The standard method override
6. 6. Special methods
7. 7. Including non-business use within special methods
8. 8. Special method override notices
9. 9. Input tax relating to ‘foreign’ and ‘specified’ supplies
10. 10. Can you recover input tax relating to share issues and share sales
11. 11. The de minimis rule
12. 12. Annual adjustments
13. 13. Intended use of supplies received and changes of intention
14. 14. Belated claims to input tax and capping
15. 15. Special circumstances which have a bearing on the partial exemption rules
16. 16. Glossary
17. Appendix 1 — declaration template
18. Appendix 2 — Guidance for businesses seeking approval for a partial exemption special method
19. Appendix 3 — Services and related goods used partly to make incidental financial supplies
20. Your rights and obligations
21. Help us improve this notice
22. Putting things right
23. How HMRC uses your information

Source: gov.uk

 

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