Exempt supply

A supply of goods or services falling within Schedule 9 to the Value Added Tax Act 1994. A person making exempt supplies is not required to account for output tax (www.practicallaw.com/A36594) on the exempt supplies but is unable to recover the VAT (www.practicallaw.com/5-107-7468) on those supplies which he has received and which are attributable to the exempt supplies. For further information, see Practice note, Value added tax: Exempt supplies (www.practicallaw.com/2-107-3725).

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