- Prevention is better than cure when it comes to effective tax planning, including VAT in the UK
- Property transactions can lead to common pitfalls in VAT, such as leases granted for nil premium and barter transactions
- Businesses need to understand the implications of an option to tax in commercial property transactions to prevent unexpected VAT charges
Source: forbes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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