HM Revenue and Customs Brief 10/10
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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).
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