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 supplies of business gifts and samples. A gift of business assets is treated as a supply of goods for VAT purposes which is liable to VAT at the relevant rate unless it comes within one of the exceptions mentioned in ‘What are not usually treated as business gifts?’ below when different VAT rules will most likely apply.
Businesses that are involved in providing ‘gifts’ in the following situations may not come within the scope of the business gift rules explained in this guidance note and they should refer to the relevant guidance note for more information on the relevant VAT treatment.
A person is the ‘predecessor’ of the donor where the donor acquired the
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