General HMRC approach from 1 April 2022
On 7 February 2022, HMRC published what appears to be a definitive policy position on the VAT treatment of compensation and termination payments that will apply from 1 April 2022. Businesses should make sure that they understand how the new rules affect them and ensure that their systems and contracts are adapted so that they are compliant by 1 April 2022.
Source BDO
