- Updated VAT guidance includes a second reduced rate for qualifying apartments and apartment blocks.
- Rental income will be taxable at the standard VAT rate from January 1.
- All exemption waivers for specified property leases will be cancelled with the Finance Act 2025.
- VAT exemption for managing special investment funds now covers the automatic enrollment retirement savings system.
- Guidance updated on VAT deductions for conference room accommodations and VAT treatment for managing special investment funds and certain construction services.
Source: news.bloombergtax.com
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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