LA VAT Partial Exemption rules - Update

posted on 17 December 2008, updated on 17 December 2008

HMRC notification that the current PE proposal is likely to fall by the wayside as a result of a failure to secure legal assurance for the preferred solution. This letter will be discussed by the CIPFA VAT Committee on 18th December 2008.

See link for full text of letter including the withdrawal of the concession not to require PE calculations fron 2009/10. PE Review Update Dec08