VAT: power to provide for refunds to certain persons
This Tax Information and Impact Note is about a new VAT power to provide for refunds to certain persons.
PDF, 21.4KB, 3 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email email@example.com. Please tell us what format you need. It will help us if you say what assistive technology you use.
This measure will create a new section 33E of the VAT Act 1994, which will refund to named non-departmental public bodies, and similar public bodies, the VAT incurred as a part of shared services arrangements used to support their non-business activities. Ordinarily VAT can only be recovered on purchases made to support a person’s taxable business activities.