HMRC consult on VAT treatment of transactions revocation Order

Released 20 July 2021

HMRC are inviting views on draft legislation that will repeal a piece of redundant legislation.

If enacted, the Value Added Tax (Treatment of Transactions) (Revocation) Order 2021 will repeal the 1992 Order and ensure that Government departments and NHS bodies cannot exploit the legislation to give themselves a VAT recovery advantage over other taxpayers.

The consultation runs until 17 August 2021.

Further details can be found at https://www.gov.uk/government/consultations/draft-legislation-the-value-added-tax-treatment-of-transactions-revocation-order-2021.

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