VATupdate

Share this post on

Defining Business/Non-Business Supplies for VAT

HMRC have published a Brief detailing a change in approach with regards to how to determine whether a supply is a business activity for VAT purposes. Supplies made ‘in the course or furtherance of any business’ are subject to VAT, with the appropriate rate out output tax due, subject to other considerations.

Source: thevatpeople.co.uk

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com