Budgets and Autumn Statements rarely contain any significant VAT changes, and this year was no exception. The only changes were minor ones to the scope of zero rating for energy saving materials and sanitary products. HMRC will consult in early 2024 on the consequences of a recent court case involving Uber and the VAT treatment of private hire vehicles, which has received a lot of press coverage. HMRC also said they would continue to receive representations on the Retail Export Scheme which was withdrawn on 1 January 2021.
Source Crowe
Latest Posts in "United Kingdom"
- Chancellor’s VAT Exemption Removal for Healthcare Speculated, Government Denies £2 Billion Revenue Promise
- Wes Streeting Rules Out VAT on Private Healthcare in Upcoming Budget
- VAT Exemption for Locum Doctors: Impact on NHS Trusts and Recruitment Agencies
- HMRC to Release Preliminary VAT Gap Estimate for 2024-2025 on November 26, 2024
- Keir Starmer Faces Criticism for Not Ruling Out VAT Increase Amid £30bn Financial Gap
