Category: Taxation

The Research and Development (Prescribed Activities) Regulations SI 2023/293 provide details of activities that are, or are not to be treated as research and development for the purposes of ITA 2007,s 1006 with reference to the Business, Energy and Industrial Strategy. Activities prescribed as research and development. For the purposes of section 1006 of the […]

Leisure services for members of the public can now be treated as non-business activities for VAT purposes, HMRC has confirmed. Previously, local authorities had to treat these supplies as business activities and either: charge their customers VAT at the standard rate; or apply the exemption. After several local authorities challenged this treatment, the courts ruled […]