Taxation

Value Added Tax

IS:

• A TAX ON THE VALUE ADDED
• BY A SUPPLY OF GOODS OR SERVICES
• IN THE UK
• BY A TAXABLE PERSON
• IN THE COURSE OF BUSINESS
• FOR CONSIDERATION

VALUE ADDED TAX DETAILS

• Standard rated items
• Zero rated items
• Exempt items
• Partial exemption
• Registration
• Input tax
• Administration
• Retail Schemes
• Cash Accounting