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Background

The underlying principle of VAT is that each supply of goods and / or services should be regarded as distinct and independent and that each supply is liable to VAT at the applicable VAT rate. For example, where a person goes into a supermarket and buys a number of different items in a single transaction; each item is regarded as a separate supply with its own VAT liability. However, if a supply contains a number of components that are supplied together to form a single supply, then this supply should not be artificially split into separate