Value Added Tax Refund (Great British Nuclear)
· WOWERI
A new order for the refund of Value Added Tax comes into force in the UK. Great British Nuclear will be eligible for a tax refund. The law comes into effect on April 8, 2026.
Introduction
A new order for the refund of Value Added Tax comes into force in the UK. According to The Value Added Tax (Refund of Tax to Great British Nuclear) Order 2026, Great British Nuclear will be eligible for a tax refund.
Key Provisions
The law comes into effect on April 8, 2026, and designates Great British Nuclear as a specified person for the purposes of section 33E of the Value Added Tax Act 1994.
Impact on Business
This law may have a significant impact on the business of Great British Nuclear, as it will be able to reclaim paid Value Added Tax.
What to do next
Source: legislation.gov.uk