05 Aug 2021
Tax and Finance
BPF response to land exemption CFE
We responded to the Government’s call for evidence on simplifying the VAT land exemption. While we welcome HMRC’s interest in this area, we do not feel that the “ideas for simplification” set out in the consultation would make life easier for taxpayers; they would most likely make things more difficult. Instead, we urge HMRC to focus on providing more certainty through better guidance, improving taxpayers’ experience of the VAT system through better use of technology and reforming selected areas of the legislation.