Interesting times ahead as OTS finalise their report on UK VAT system. Amongst the areas up for review we expect : Capital Goods scheme limits to be updated for the first time in 26 years, the VAT registration may be changed as well as hopefully some simplification measures around VAT on property, partial exemption methods (particularly special methods) & more information on MTD plans. With the recent EU changes suggested on POS rules for goods coupled with OTS findings VAT will be front & centre of tax changes for the foreseeable future- and that's before we even contemplate the changes Brexit may bring!!
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