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Title: Early termination fees now attract VAT Post by: davegr on January 12, 2021, 02:35:43 PM Hi all,
It's quiet these days eh? Just to let you all know that early termination fees for ending contracts will now attract VAT - see https://www.gov.uk/government/publications/revenue-and-customs-brief-12-2020-vat-early-termination-fees-and-compensation-payments/revenue-and-customs-brief-12-2020-vat-early-termination-fees-and-compensation-payments. That's all folks |