- HMRC has changed the UK VAT treatment of intra-group supplies, benefiting financial institutions and insurers.
- The CJEU’s Skandia judgment will no longer apply in the UK.
- The reform is especially relevant for businesses with cross-border branch structures, potentially reducing costs and allowing VAT recovery on internal recharges.
- Previously, UK reverse charge VAT was required on certain cost allocations due to CJEU judgments.
Source: mha.co.uk
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.
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