VAT cost sharing exemption: draft legislation and consultation response | Practical Law

VAT cost sharing exemption: draft legislation and consultation response | Practical Law

The draft legislation for the Finance Bill 2012 includes measures to implement the VAT cost sharing exemption set out in Article 132(1)(f) of Council Directive 2006/112/EC on the common system of VAT. The legislation introduces a new Group 16 in Part 1 of Schedule 9 to the Value Added Tax Act 1994. This is a detailed update on the exemption and consultation response.

VAT cost sharing exemption: draft legislation and consultation response

Practical Law UK Legal Update 4-515-4288 (Approx. 8 pages)

VAT cost sharing exemption: draft legislation and consultation response

by PLC Private Client and PLC Tax
Published on 15 Dec 2011
The draft legislation for the Finance Bill 2012 includes measures to implement the VAT cost sharing exemption set out in Article 132(1)(f) of Council Directive 2006/112/EC on the common system of VAT. The legislation introduces a new Group 16 in Part 1 of Schedule 9 to the Value Added Tax Act 1994. This is a detailed update on the exemption and consultation response.