MTD for VAT extension set for 2022/23 rollout

The Capital Goods Scheme for VAT

10 Jun 2020 | Publication, Value Added Tax Guide

The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in full. The scheme usually applies to partially-exempt...