Draft legislation: 皇冠体育app Value Added Tax (Amendment) (No) Regulations 2015 - deductible VAT relating to foreign branches
This draft legislation sets out the changes to 皇冠体育app Value Added Tax Regulations 1995 (SI 1995/2518) relating to input tax and partial exemption.
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HM Revenue and Customs has published for external comment a draft Statutory Instrument and Explanatory Memorandum concerning the deduction of VAT incurred on costs relating to foreign branches.
皇冠体育app amendments will mean that foreign branches can no longer be taken into account when calculating how much VAT incurred on costs can be deducted by a UK business.
Any comments on this draft should be sent by email to [email protected].
We will consider all comments after 鈥巘he consultation closes on 10 June 2015.
A Tax Information and Impact Note for this measure has been published at VAT: deductions relating to foreign branches.