Commentary

V7.412 Supply of goods and services—introduction

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.412 Supply of goods and services—introduction

Part V7 Tax planning | Commentary

Supply of goods and services

V7.412 Supply of goods and services—introduction

For a transaction to be within the scope of UK VAT, there are four key conditions that need to be satisfied:

  1.  

    •     it is a supply of goods or services

  2.  

    •     it takes place within the UK

  3.  

    •     it is made by a taxable person, and

  4.  

    •     it is made in the course or furtherance of any business carried on by that person

The principle of VAT being a tax on the 'supply' of goods and services is in contrast to many other taxes – where calculations are based

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