Commentary

V7.254 Registration for VAT and EU acquisitions

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.254 Registration for VAT and EU acquisitions

Part V7 Tax planning | Commentary

V7.254 Registration for VAT and EU acquisitions

The requirement to be registered for VAT is usually based on the level of taxable supplies made by a business. If the value of these taxable supplies in the immediately preceding 12 months has exceeded the VAT registration limit or is expected to exceed the limit in the next 30 days, there is a requirement for the business to be VAT registered.

However, there is another situation when a business or person may need to be registered for VAT, based on the value of its 'acquisitions' (ie the value of goods bought from other

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