.png)
.png)
Tying up loose ends
Key points
- Zero rating on e-publications came into effect on 1 May instead of December.
- Preparation for the domestic reverse charge – which takes effect in March 2021 – should start in December.
- The VAT exemption may apply to online fund-raising events.
- Conservative party manifesto promised not to raise VAT rates.
It is fair to say that VAT has not been running marathons since the Covid-19 crisis hit our shores. This is different from other taxes that have seen an endless array of government announcements and legislative changes. But VAT has not been sitting idly in front of the TV either – let’s say it has run a 10k race in a reasonable time. There have been some important measures that affect many businesses.
As is always the case with new legislation there...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
