Updated HMRC Manual: VAT Supply and Consideration Guidelines for Goods and Services Liability Determination

• HMRC internal manual on VAT Supply and Consideration has been updated
• Provides guidance on determining liability of supply of goods or services for consideration
• Covers basic principles, identifying a supply, consideration, illegal supplies, goods or services
• Includes supplies of goods and services for both consideration and no consideration
• Defines consideration and indicators of consideration
• Covers off-setting, compensation, payments not considered as consideration
• Includes payments in specific sectors and settlement of disputes
• Amendments in respect of payments not considered as consideration, specifically carbon offsetting
• Adds two new pages with examples of activities outside the scope and commentary on other ecosystem services.

Source: marcusward.co

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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