VAT Guidelines on the 12% rate for management of credit and credit guarantees

The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of management of credit and credit guarantees. View here.


Understanding the scope of the 12% VAT Rate

Join us on 29 February 2024 for a webinar on the new reduced VAT rate of 12% which came into effect on 1 January 2024 for certain supplies of services, namely: Custody and management of securities; Management of credit and credit guarantees by a person or body other than those who granted the credit; Hiring of a pleasure boat for a period not exceeding 5 weeks (subject to the conditions specified) and Services consisting of the care of the human body by a medical professional (subject to the conditions specified)

Find out more about the scope of the reduced rate – what services it applies to and how the law is interpreted in practice.

Click here to book your place.