Share this post on

VAT on Gifts & Samples: Revisited

  • Consideration is usually required for a transaction to be considered a supply for VAT purposes.
  • Deeming rules exist to ensure that input VAT recovery is balanced by output VAT on onward disposals of assets or services.
  • Exceptions to the deeming rules exist for scenarios such as giving goods away for business promotion or providing samples to potential customers.

Source CJMTax


VAT news
VAT news


  • AXWAY - VATupdate Banner