HM Revenue and Customs Brief 10/10
Submit Articles Back to Articles
Issued on 8th March 2010
VAT: Partial Exemption – changes to the de minimis rules
This Revenue & Customs Brief announces two changes to simplify the partial
exemption de minimis rules that take effect from 1 April 2010:
- simplified tests
- annual test
The de minimis limit remains the same but the changes make it easier and less
time-consuming for businesses to confirm their de minimis status.
The changes are being made following a consultation on ideas to simplify the
partial exemption rules, which confirmed strong support for their
implementation. They are optional and businesses can benefit from them without
seeking approval from HM Revenue & Customs (HMRC).
About the Author
© Crown Copyright 2010.
A licence is needed to reproduce this article and has been republished for
educational / informational purposes only. Article reproduced by permission of
HM Revenue & Customs under the terms of a Click-Use Licence. Tax briefs are
updated regularly and may be out of date at time of reading.
Follow us @Scopulus_News
Article Published/Sorted/Amended on Scopulus 2010-03-14 16:11:05 in Tax Articles
Copyright © 2004-2019 Scopulus Limited. All rights reserved.