HMRC has issued Revenue and Customs Brief 7 (2026) detailing modifications to which items fall within the scope of the VAT Capital Goods Scheme. The scheme, which allows businesses to adjust VAT recovery over time on certain capital acquisitions, has had its coverage parameters revised. Traders and customs professionals should review the brief to understand which assets are now included or excluded from the scheme’s provisions.
Source: HMRC (GOV.UK) – Read the original