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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...
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...
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?
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...
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....
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...