HMRC have added a new chapter to their VAT Partial Exemption guidance manual.
The new guidance begins at PE 79000, and is entitled Guidance for specific trade sectors: Private equity and venture capital.
https://www.gov.uk/hmrc-internal-manuals/vat-partial-exemption-guidance/pe79000
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Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.
