The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note looks at a number of miscellaneous considerations associated with VAT and imports. These include:
imports by agents
remission of import VAT for goods that are lost or destroyed
rules for goods supplied prior to delivery of an import declaration
imports of computer software
import VAT penalties
For an overview of importing goods from outside the U
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There are several sets of provisions in the Taxes Acts which relate to ‘close’ companies, most of which are anti-avoidance measures aiming to catch transactions between those companies affected and their owners, where there may otherwise be a tax advantage. Broadly speaking, most owner-managed or
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Why is this important?Tax-free amountEach individual, whether or not they are resident in the UK, is entitled to an annual exempt amount when calculating the taxable amount of their chargeable gains for the tax year (although see the exceptions below). The annual exempt amount is also known as the
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