| Description | File contains a range of material on Value Added Tax from its introduction in the UK in April 1973. Papers relate mainly to the Bank's own position in relation to VAT. Also includes material relating to the wider banking community.
Includes: Audit team note on VAT; VAT codes on NII and NIE items; VAT on gold coins; import charges on 1978 Yellow Book; judgement on the Manchester VAT Tribunal 9 Jun 1978 - Linotype & Machinery Limited; notes of meeting with customs and Excise; VAT control visits; papers relating the the review of VAT in the Bank; VAT: gold handling charges; summary of the effect of group registration with Slater Walker; visit by Customs and Excise to Bristol Branch; the Bank's detailed and updated (from those of March 1973) guidance notes on VAT; various papers on the calculation of the formula for recovery of input VAT; the change to the rate of VAT in June 1979 from 8% to 15%. |