A

    Value added tax - Specific situations - Agents - 82455

    The VAT treatment of agents depends on a number of factors, such as whether the agent is acting in its own name or in the name of the principal, the location of the principal, and the actual...

    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?

    When to charge VAT on supplies made by another business

    It can be convenient to charge your customer for goods or services supplied by other businesses as part of your overall supply on a single invoice. But as a recent case showed this can lumber...

    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...