Albeit the announcements made on Budget Day were relatively subtle on the indirect tax front, the Finance Bill (the Bill) introduces a variety of VAT changes of significance to the financial services industry. In this article, we focus on the most notable changes proposed.
- Agency Services
- VAT Deduction – Costs relating to the issue of new stocks, new shares, new debentures or new securities for the purpose of raising capital
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Source Grant Thornton
