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VAT relief for supplies to research infrastructure consortia: consultation

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HMRC has invited comments by 30 June on draft secondary legislation to provide VAT relief on a supply of goods or services to a European Research Infrastructure Consortium (ERIC). A new Group 18 to VATA 1994 Sch 8 would enable a zero rated supply of goods or services to be made to an ERIC. The measure, announced at Budget 2011, would also enable an ERIC to import or acquire goods without VAT.

ERICs are international bodies created by the European Commission to facilitate a more pan-European approach to research work, HMRC said. Guidance on ‘research infrastructures’ is available on the EC website and details of the informal consultation are provided on the HMRC website.

Issue: 1122
Categories: News , Indirect taxes , VAT