UUÂãÁÄÖ±²¥

Valuation ― overview

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance

Valuation ― overview

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance
imgtext

This guidance note provides an overview of valuation for VAT purposes.

In-depth commentary on the legislation and case law in connection with valuation is provided in De Voil Indirect Tax Service V3.151.

Key issues

The importance of valuation for VAT purposes is largely self-evident; if VAT is to be accounted for on a supply of goods or services at a particular rate then a valuation of that supply is necessary in order to have something to which the rate can be applied. In other words, we might ask the question: ‘20% of what?’ Whilst this may seem at first glance to be a relatively straightforward

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Special rate pool and long life assets

Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool

14 Jul 2020 13:41 | Produced by Tolley Read more Read more

Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more

Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

14 Jul 2020 12:11 | Produced by Tolley Read more Read more