Arguably the borderline between business and non-business is the most significant in VAT because it determines whether or not an activity falls within the scope of the tax at all. At the same time it is one of the hardest to discern. This makes HMRC’s attempt to set out its revised policy in a Brief covering two A4 sides extraordinarily ambitious. Or has the writer erroneously confused and conflated the two meanings of the word ‘Brief’?
Source Terry Dockley
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