VAT Partial Exemption Guidance

PE33500 - Partial Exemption methods: combined Partial Exemption and business non business methods

From 1 January 2011, HMRC can approve a partial exemption method covering BNB calculations. A single method covering the business바카라 사이트™s BNB and partial exemption calculations is known as the combined method. Further information on the combined method can be found in Paragraph 7 of VAT Notice 706.