3rd June 2013, 11:58 AM
(This post was last modified: 3rd June 2013, 12:06 PM by John Wells.)
Not suggesting anything David, apart from the fact that a simpler system would have been nice ;o)
The usual arguement is that you can have front end Gift Aid.
Existing VAT reliefs were permitted as transitional provisions in what is a European Union tax.
EU VAT law does not allow the UK to expand the scope of the reliefs or introduce new ones.
I assume that eventually, reliefs may be reduced or phased out altogether.
That is one way to make the system simpler!
The usual arguement is that you can have front end Gift Aid.
Existing VAT reliefs were permitted as transitional provisions in what is a European Union tax.
EU VAT law does not allow the UK to expand the scope of the reliefs or introduce new ones.
I assume that eventually, reliefs may be reduced or phased out altogether.
That is one way to make the system simpler!