Value added tax

  • VAT refunds for shared services: to be available to eligible public bodies in respect of specified services, from Royal Assent to the Bill.
  • Isle of Man charities: able to obtain the same VAT reliefs as UK charities, from Royal Assent to the Bill.
  • Overseas businesses selling goods in the UK: HMRC’s powers to direct appointment of UK representatives and to require security strengthened, and online marketplaces to be jointly and severally liable for VAT not accounted for by overseas business, with effect from Royal Assent to the Bill.
  • Women’s sanitary products: rate reduced from 5% to zero from a date to be appointed.