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Partial exemption: have your say!

Speed read
HMRC has issued a call for evidence on simplifying the rules on VAT partial exemption and the capital goods scheme. This opportunity to inform the next developments in partial exemption policy demands a considered response; not so much to the specific questions but to the subject matter. The scope should have been widened to include aspects that are (arguably) unavailable until Brexit since the existence of that political development is a given. Responders may want to make post-Brexit suggestions. Broadening the ambit of standard methods should be part of the discussion of the process for special methods. Method approval has suffered too much from official stubbornness based on questionable expertise but if that cannot be addressed a more sophisticated approach to self-certification ought to be explored. The CGS presents more challenges with only one ‘easy win’ in the shape of removing computer hardware ...

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