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Capital Goods Scheme (VAT Notice 706/2) update

04 January 2021      Andrea Marshall, Tax Specialist

Capital Goods Scheme (VAT Notice 706/2) update

HMRC have updated the Work out the adjustments section with Notice 706/2. Unfortunately, it is not clear what has been amended, so Andrea has compared the previous archived version of Section 7 to the new version.  The previous text has been amended with new text shown in red.  The main changes relate to BNB calculation in para 7.1.  Other changes are cosmetic. 



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