- HMRC has updated VAT Notice 706/2 to simplify the Capital Goods Scheme from 29 July 2026.
- Computers and computer equipment will no longer be covered by the scheme.
- The threshold for land, buildings, and civil engineering work rises from £250,000 to £600,000 excluding VAT.
- Assets and projects with spending before 29 July 2026 will still follow the old rules.
Source: claritaxnews.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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