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VAT anti avoidance rules

15 November, 2009

The Finance Act 2009 includes rules to prevent businesses from manipulating the change in rate. While these rules impose an additional VAT charge on businesses making supplies at the wrong rate, they do not cover every situation and there is a small amount of room for planning.

The Finance Act 2009 has introduced anti-avoidance legislation that is designed to prevent businesses from manipulating supplies forward to the period when the 15% standard rate applies.

Therefore when the customers are either VAT blocked businesses or consumers this would give the effect of extending the price reduction conferred by the lower standard rate into 2010, at no cost to the supplier.

Anti-Avoidance Rules: How to reclaim VAT on capital expenditure goods.

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