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 special valuation rules that are applied to certain types of transactions. This note should be read in conjunction with the Consideration, Consideration ― specific situations and Valuation ― introduction guidance notes.
The general rules regarding the valuation of goods and services supplied for VAT purposes are outlined in the Valuation ― introduction guidance note but are subject to any of the special valuation rules outlined below. If there is any conflict between the special valuation rules explained below then the business needs to use the following order of preference of the special valuation rules in order to apply the correct valuation to the goods / services supplied.
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
To view our latest tax guidance content, sign in to Tolley® Guidance or register for a free trial.