- Notice 749 has been updated for local authorities and similar bodies regarding VAT guidance.
- It clarifies which activities are business or non-business for VAT purposes.
- Details VAT registration requirements for local authorities.
- Explains when VAT can be reclaimed for non-business activities.
- Section 7.2 has been updated to remove a reference to VAT attributed to exempt supplies.
- The deadline for using a special section 33 recovery method has changed to 30 September.
- Section 33 bodies have special VAT treatment allowing recovery of input tax for non-business activities.
- Contact is encouraged for queries related to local authorities and academies.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
