Help for co-ops on services VAT exemption
Posted by mostafa on 31 August, 2012
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This item was filled under Tax
The new group 16 to VATA 1994, Sch 9 deals primarily with the cost-sharing exemption provision.
It is available when two or more organisations with exempt and/or non-business activities join together on a co-operative basis to form a separate, independent entity – a cost sharing group – to supply themselves with services at cost and exempt from VAT.