VAT – Group and divisional registration – HMRC update VAT Notice 700/2

HMRC have updated their guidance Group and divisional registration (VAT Notice 700/2) as follows:

“Information about exempt financial or insurance supplies to customers outside the UK or the EU if you are a business in Northern Ireland has been removed from section 2.5. Section 7.5 has been updated to make it clear the amount of £7,500 relates to the output tax, and applies to the whole group.”

https://www.gov.uk/guidance/group-and-divisional-registration-vat-notice-7002?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=348cb1be-e582-462b-bf59-2792f3846db4&utm_content=daily

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