Spring Budget 2020 - VAT changes

There was a lot more than usual on VAT in this Budget. Partly this reflects our recent departure from the EU. Whatever one’s views on the wisdom of this, there is no doubting the resulting freedom (post 1 January 2021) to introduce our own rules without the constraints of needing to comply with EU law. Mostly the government plans to continue with the current regime, but over time the rules will start to diverge and the first signs of this are already apparent.

VATLinda AdelsonMarch 11, 2020Budget 2020, VAT, VAT on fund management, VAT and financial services, VAT partial exemption, VAT large business