LNB news: Law Society seeks views on its response to HMRC call for evidence on simplifying the VAT land exemption

Lexis®Library update: The call for evidence asks for experiences of how the VAT rules on land and property currently work and whether they require simplification. HMRC is seeking views on possible options for change including plans to remove the ability to opt to tax and making relevant transaction exempt and removing the option to tax and making all land and property taxable at a reduced rate.

To send comments on the proposals, email: property@lawsociety.org.uk

Source: HMRC call for evidence on simplifying the VAT land exemption

This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 11 June 2021 and is published with permission. Further information can be found at: https://www.lexisnexis.co.uk/