VAT news tagged as "VAT exempt group"

United Kingdom

UK guidance on cost sharing groups’ VAT exemption

January 28th, 2014

The UK’s HMRC has updated its guidance for costs sharing groups which wish to take advantage of the potential VAT exemption on inter-group transactions. VAT exempt groups The VAT exemption relief is offered where two or more companies with UK VAT exempt activities form a new company to provide shared services.  The service company is …