Publisher's Synopsis
Value Added Tax 2014/15 provides clear and simple coverage of UK VAT law, enabling both professionals and non-professionals to grasp the current rules and regulations confidently. With a wealth of practical examples and written in non-technical English, this book is an ideal guide for tax advisers dealing with VAT and small business proprietors. The hot topics for 2014/15 This edition is fully updated to Finance Act 2014, covers the updates to VAT Act 1994 and includes many new relevant cases. It concentrates on the rules and regulations you need to know and highlights numerous planning points and common pitfalls. With relevant key tribunal and court decisions included, it helps to steer you through the latest VAT law. The level of detail you need Value Added Tax is split into three sections to help you with: . What you must know : Including an outline of the system, VAT groups and returns, registration, charge and supply issues, what is reduced and zero rated, exceptions, credit notes and record keeping . What you might need to know : Covers exports, imports, removals and acquisition of goods, partial exemption, Intrastat returns and the recovery of foreign VAT . Special situations : Includes information on joint ventures, second-hand goods and retail schemes, annual accounting, cash accounting, flat rates, assessment and VAT penalties An easy-access, practical resource This accessible reference tool has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. Numerous worked examples demonstrate how to apply the main principles in practice and all examples are listed in a table at the beginning for quick navigation. Previous print edition ISBN: 9781780431604
