On 1 October 2019, the Office of Tax Simplification (OTS) published an update on its VAT review. The update outlines and evaluates responses by the government, HM Treasury and HMRC to the report it published in November 2017.

The OTS notes in its update that there has been substantial progress on guidance and communication, partial exemption and the capital goods scheme, and penalties, alongside wide ongoing consideration of the approach to the VAT threshold. The OTS will continue to monitor future developments and may provide a further review on progress at a later date.

The update can be viewed here.