Revenue & Customs Brief 9/11
HMRC have published Revenue & Customs Brief (RCB) 9/11 detailing the secondary legislation to implement the change in tax treatment of business entertainment of overseas customers announced in RCB 44/10.
In essence, the restriction of the right to recover VAT incurred on the business entertainment of overseas customers is removed.
The changes will be introduced on 1 May 2011. Any comments about the draft legislation should be sent to David Webb by 28 March 2011 via the HMRC website.
