Obsolete concessions to be withdrawn
Posted by mostafa on 17 January, 2017
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This item was filled under Tax
HMRC is consulting on the impact of withdrawing four extra-statutory concessions. It considers them obsolete and intends to abolish them from April 2018.
Zero rating of central processor – Notice 701/7 (VAT) (para 9.2)
This concession allows a central processor to be zero rated if sold as part of a computer system with software installed to enable a …