Schemes
Partial Exemption
Standard method, longer period, de minimis test, and the annual adjustment.
Partial exemption applies when you make both taxable and exempt supplies. OneSixth handles the Standard Method calculation, the longer-period (annual) adjustment, and the de minimis test.
- Quarterly provisional recovery rate.
- Annual adjustment at year-end with carry-forward.
- De minimis test against £625/month and 50% of total input tax.
- SMO (Standard Method Override) calculator when use differs materially from the standard method.
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