The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the VAT treatment of specific situations and whether the payment will be viewed as consideration. This note should be read in conjunction with the Supplies of goods, Supplies of services and Consideration guidance notes.
See the Grants, donations and subsidies guidance note.
Deposits are generally viewed as taxable payments and VAT must be charged in the normal way. However, in certain situations, the deposit paid may be outside the scope of VAT. For example:
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