Two changes to simplify the partial exemption de minimis rules that take effect from 1 April 2010:

  • simplified tests
  • annual test

The de minimis limit remains the same (£625 per month on average) but the changes should make it easier and less time-consuming for businesses to confirm their de minimis status.

The changes are optional and businesses can benefit from them without seeking approval from HM Revenue & Customs (HMRC).

Further information

Further information can be found in VAT Information Sheet 04/10