VAT Memo

 CHAPTER 4  Exempt supplies 

VAT is not chargeable on exempt supplies. A person making only exempt supplies cannot register for VAT. But if a person makes both exempt and taxable supplies in the course of business:
-  income from the exempt supplies does not count towards the value of taxable supplies for registration threshold purposes (¶9960); and
-  input tax incurred in the course of making the exempt supplies is irrecoverable, subject to certain de minimis limits (¶2075+).

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