Update June 17: Email address to send proposals for a Partial Exemption Special Method has been added to section 6.2.
Find out about partial exemption and the methods and calculations to use to see how much input tax you can recover.
Contents
- Detail
- 1. Overview
- 2. Partial exemption in general
- 3. How to calculate how much input tax you can recover
- 4. The standard method
- 5. The standard method override
- 6. Special methods
- 7. Including non-business use within special methods
- 8. Special Method Override Notices
- 9. Input tax relating to ‘foreign’ and ‘specified’ supplies
- 10. Can you recover input tax relating to share issues and share sales
- 11. The de minimis rule
- 12. Annual adjustments
- 13. Intended use of supplies received and changes of intention
- 14. Belated claims to input tax and capping
- 15. Special circumstances which have a bearing on the partial exemption rules
- 16. Glossary
- Appendix 1 – declaration template
- Appendix 2 – Guidance for businesses seeking approval for a Partial Exemption Special Method
- Appendix 3 – Services and related goods used partly to make incidental financial supplies
- Your rights and obligations
- Help us improve this notice
- Putting things right
- How HMRC uses your information
Source gov.uk
