Update 14 September 2023. Find out about partial exemption and the methods and calculations to use to see how much input tax you can recover.
Contents
- 1. Overview
- 2. Partial exemption in general
- 3. How to calculate how much input tax you can recover
- 4. The standard method
- 5. The standard method override
- 6. Special methods
- 7. Including non-business use within special methods
- 8. Special method override notices
- 9. Input tax relating to ‘foreign’ and ‘specified’ supplies
- 10. Can you recover input tax relating to share issues and share sales
- 11. The de minimis rule
- 12. Annual adjustments
- 13. Intended use of supplies received and changes of intention
- 14. Belated claims to input tax and capping
- 15. Special circumstances which have a bearing on the partial exemption rules
- 16. Glossary
- Appendix 1 — declaration template
- Appendix 2 — Guidance for businesses seeking approval for a partial exemption special method
- Appendix 3 — Services and related goods used partly to make incidental financial supplies
- Your rights and obligations
- Help us improve this notice
- Putting things right
- How HMRC uses your information
Source: gov.uk