Partial Exemption is an area of tax that many LATCO’s overlook as a means to recover VAT. Quite simply, if your LATCO makes both taxable and VAT exempt supplies it is classified as ‘partially exempt’ and partially exempt businesses have the potential to recover VAT. To find out how to determine if your LATCO could be eligible and to understand the next steps please click here. Our specialist VAT partners, Constable VAT Consultancy, have provided a comprehensive guide to this subject.
