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Home / De-Voil / Part V16 Forms and other HMRC material / Division V16.5 Information Sheets / Information Sheets / V16.981 Implementing the VAT Technical Directive and changes to the partial exemption and capital goods scheme rules
Commentary

V16.981 Implementing the VAT Technical Directive and changes to the partial exemption and capital goods scheme rules


Part V16 Forms and other HMRC material

Information Sheet 6/11, March 2011

This Information Sheet provides information on implementing the EU Technical Directive, the combined business/non-business partial exemption method, treating assets as outside the business, changes to the Capital Goods Scheme (CGS) and legislating for a concession for VAT incurred before registration.

1 Introduction

The Technical Directive

1.1 Who should read this guidance?

Taxpayers who:

  1. Ìý

    —ÌýÌýÌýÌý incur VAT relating to land and property, ships, boats or other vessels, or aircraft that are to be used for exempt or non-business/private activities

  2. Ìý

    —ÌýÌýÌýÌý already use Lennartz accounting for any assets

  3. Ìý

    —ÌýÌýÌýÌý currently have items in the CGS

  4. Ìý

    —ÌýÌýÌýÌý are representative members of VAT groups with CGS items

  5. Ìý

    —

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