February 17 2020

Value Added Tax Bill 2019-20 – first reading

Source: IBFD Tax Research Platform News

On 10 February 2020, the first reading of the Value Added Tax Bill 2019-20 was held in the House of Commons.

The Bill proposes to:

  • increase the maximum turnover threshold for exemption from the requirement to register for VAT; and
  • exempt certain goods and services from liability to VAT.