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HMRC have launched a consultation 'Withdrawal of extra statutory concessions 2017' on the removal of 3 VAT concessions and 1 income tax / corporation tax concession which are believed to be obsolete.

The concessions are:

  • Zero-rating of central processor – Notice 701/7 (VAT)
  • Composite rate of VAT for computer systems – Notice 701/7 (VAT)
  • Affiliation fees for sports clubs – Notice 701/45 (VAT)
  • C12 - Retail co-operative societies: accounting periods (Income/Corporation Tax)

The proposal is to withdrawn these from April 2018. 

The consultation runs until 7 March 2017, with HMRC seeking evidence on any potential impact for taxpayers.


Our subscriber guide Finance Act 2016: tax update and 2016/17 rolling planner tracks the progress of HMRC's many consultations.

The consultation document can be found here