Loans: VAT

(asked on 16th April 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the clarity of Government guidance for private companies on the charging of VAT on loans.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 24th April 2018

Guidance on the VAT treatment of loans and other credit is set out in “VAT Notice 701/49: finance”, available on the gov.uk website. As provided for in the VAT Act 1994, the guidance sets out that loans and grants of credits are exempt from VAT.

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