BLM00085 - Introduction: Leasing: VAT issues
This manual is being updated to reflect FRS 102 (2024 amendments). For guidance on the tax treatment of accounts prepared under IFRS 16 or the revised FRS 102, please refer to pages within the BLM50000 chapter.
At present, this manual does not cover VAT-related issues.
The VAT Finance Guidance Manual explains the VAT treatment of various types of finance transactions and VATFIN3120 deals specifically with VAT exemption for the granting of credit with the supply of goods.
For information on financial services which are not VAT exempt please see VATFIN1510.