15th Nov 2016

VAT – The Six Dimensional Tax

The WHAT dimension – goods or services?  Rules can be different if selling cross-border.

The HOW dimension – what is the general treatment for the goods or services?  Standard rated, zero rated, exempt etc?

The WHERE dimension – UK, EU or outside EU?  Vat treatment and process may change.

The WHO dimension – B2B or B2C?  Yup, you guessed it…

The WHEN dimension – timing of invoicing, supply and choice of VAT scheme all impact on when VAT should be declared on a return.

And finally our old favourite, the WTF dimension – when all the above rules get thrown away for specific exceptions.