The research aimed to explore businesses’ knowledge and use of VAT partial exemption, and gather information on VAT recovery rates in 17 industry sectors. In particular, it looked at:
- awareness of VAT partial exemption
- knowledge of the different methods of calculating it
- how much VAT is being recovered by businesses in different industry sectors
The research found that there was general awareness of VAT partial exemption, but that recovery of VAT differed widely among businesses, both within and between sectors.