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Finance Act 2012

Summary

1.Section 196 implements Article 132(1)(f) of Council Directive 2006/112/EC, the Principle VAT Directive (“PVD”). It adds a new Group 16 (supplies of services by groups involving cost sharing) to Schedule 9 (“Schedule 9”) of the Value Added Tax Act 1994 (“VATA”) which exempts from VAT the supply of services by a group which consists of persons engaged in exempt or non-taxable activities so long as the services are supplied to group members at cost and for the purposes of those activities.

2.This section also introduces a power, allowing the Treasury to impose conditions in connection with the application of the exemption.

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