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    Value added tax - Specific situations - Agents - Agent acting in the name of the principal - 82525

    Where the formal agency agreement involves a disclosed agent, the third party will be aware of the agent's involvement in the transaction. Common examples of disclosed agents are travel agents...

    Three party deals: who is the agent and who is the principal?

    Where there are three parties to a deal it is important to establish who is the agent and who is the principal, as the VAT treatment is different in each case. What checks can you make to ensure...

    Dodging someone else’s VAT bill

    Incorporating goods and services offered by other businesses with your own can enhance the products you sell, but how can you avoid footing the VAT bill for them?

    Is your company acting as a VAT agent or principal?

    In a recent case the court considered whether a company that contracted out some of its work should charge VAT on those services as if they had provided them itself. The issue could have widespread consequences....

    VATman involved in sex and drugs

    If you earn a commission on a transaction you might expect to pay VAT on that alone, if you are registered, of course. However, in at least two cases the VATman wanted the agent to pay VAT on...