Retail schemes — overview | Tax Guidance

Retail schemes — overview

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides an overview of the main VAT principles governing the use of retail schemes. This note should be read in conjunction with the following guidance notes:

•
Retail schemes - Point of Sale
•
Retail schemes - Apportionment
•
Retail schemes - Direct Calculation
•
Bespoke retail schemes
•
Retail schemes - specific industries
•
Retail schemes - Daily Gross Takings (DGT)
•
Business promotion schemes ― coupons
•
Business promotion schemes ― cashbacks, linked goods concession and multi-save

VATA 1994, Sch 11, para 2(6); SI 1995/2518, regs 66–75

De Voil Indirect Tax V3.551–V3.576

Retail schemes are intended to be used by businesses that cannot be expected

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

TAKE A FREE TRIAL

Popular Articles

Personal Tax

Payment of tax due under self assessment

Payment of tax due under self assessmentNormal due dateIndividuals are usually required to pay any outstanding income tax, Class 2 and Class 4 national insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2025 for the 2023/24 tax year).

14 Jul 2020 12:52 | Produced by Tolley Read more

Value Added Tax

Supplies of goods and services connected with education

Supplies of goods and services connected with educationThis guidance note provides an overview of the VAT treatment of goods and services provided in connection with supplies of education. This should be read in conjunction with the following guidance notes:•Supplies of education•Local authority

14 Jul 2020 13:44 | Produced by Tolley Read more

Corporation Tax

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more

UU��ֱ��