Budget VAT Focus – 16 March 2016

The Budget VAT Focus is now available on our website.

This includes:

  • Increased VAT registration and de-registration thresholds.
  • Overseas businesses and joint and several liability for online marketplaces.
  • Extension of VAT Refund Scheme for Museums and Galleries.
  • VAT refunds for shared services.
  • Isle of Man charities.
  • Consultation on Fulfilment House Due Diligence Scheme.
  • Consultation on penalty for participating in VAT fraud.