CIOT previews OTS VAT review final report
Released 9 October 2017
Special accounting schemes and administration (including MTD) are expected to be some of main areas of focus in the OTS final report on VAT simplification.
The Chartered Institute of Taxation (CIOT) has published an online tax news blog by Nigel Mellor, Policy Advisor on VAT simplification at the Office of Tax Simplification (OTS) commenting on what is anticipated will be the main areas of focus of the second phase of the OTS VAT simplification review. The final report is expected to cover Registration, the Capital Goods Scheme, Partial Exemption and the Option to Tax; Multiple Rates and Special Accounting Schemes; Administration of VAT and Making Tax Digital.
View the tax news blog OTS Policy Adviser previews findings of its imminent VAT Review.