On 25 August 2015, the UK HMRC published updated guidance for calculating partial exemptions in VAT returns - the VAT Partial Exemption Toolkit (dated July 2015). The guidance covers several aspects of claiming input tax when making both taxable and exempt supplies, including a checklist for VAT partial exemption, and explanations and methods of mitigating risks concerning: Recognition of the need for a partial exemption calculation; Attribution; Apportionment; The annual adjustment; and The Capital Goods Scheme. The toolkit is primarily aimed at tax agents and advisors, but may be used by anyone completing a VAT return. Click the following link...