Commentary

V7.101 VAT planning—preface

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.101 VAT planning—preface

Part V7 Tax planning | Commentary

Introduction to tax planning

V7.101 VAT planning—preface

This division deals with VAT planning. It does not (except in general terms, and to the extent necessary for clarification purposes) cover the way in which VAT works, or the VAT liability of particular transactions – for such information, the reader is referred to the appropriate section with Divisions V1.1 to V5.4. Nor does it, in general, deal with 'aggressive' VAT planning arrangements, ie specific schemes which are entered into primarily or mainly for the purpose of avoiding a VAT liability, or to obtain some other tax advantage. Such methods may (a)

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