Vat panel: Zero-rated items
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Vat panel: Zero-rated items
The problem with adding more zero-rated items to the list... We unpack the challenges and issues arising from the panel's findings.
Earlier this month, the review panel on the zero-rating of certain items for Value-Added Tax (VAT), led by Professor Ingrid Woolard, released its recommendations on items to include in the Second Schedule to the VAT Act, which contains the list of items which are zero-rated for VAT. Our article unpacks the challenges and issues arising from this:
