V3.122 Taxable supplies

A supply1 made in the UK for a consideration2 which amounts to a supply of goods3 or a supply of services4 is known as a 'taxable supply' if it comprises something other than an exempt supply5.

A taxable supply is charged to tax at the appropriate rate6 if, but only if the following conditions are met7:

  1.  

    •     it is made by a taxable person, and

  2.  

    •     it is made in the course or furtherance of business

The conditions relating to a taxable supply are described in

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