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VAT: partial exemption framework

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HMRC has updated its ‘Framework for HEI Partial Exemption Special Methods’. The Framework for Higher Education Institutions (HEIs) is part of a guidance series for partial exemption (PE) special methods and covers—

•        how to determine a fair ‘value’ for supplies of grant-supported education;

•        when to add ‘sectors’ to a PE method; and

•        how to identify and deal with ‘distorting supplies’.

The guidance is aimed at HEI staff with responsibility for PE, advisers to HEIs and HMRC staff.

The Framework is not mandatory and does not replace the content of any published HMRC guidance. Adopting its principles will enable HMRC to more readily give consideration to a PE special method proposal for which a statutory declaration has been made.


Issue: 1499
Categories: News