HM Revenue & Customs has issued guidance following the implementation of the Postal Services Act 2011 within the VAT legislation.
The changes are to tidy up the legislation and the two main changes are:
- to reflect the changes to the licensing regime introduced by the Postal Service Act 2000 (PSA 2000), as the VAT Act 1994 Schedule 9, Group 3 refers to PSA 2000 the VAT Act has been amended to maintain the exemption;
- the VAT Act 1994 Schedule 8, Group 8 has been amended to maintain the zero rating for transport services.
