VAT Part 2 – Complex Aspects and New Developments

VAT legislation and appeals

• Sources of law and information
• Interaction between EU and UK VAT legislation
• Rules of interpretation
• The VAT and duties appeal system

Supply, consideration and valuation

• Place of supply of goods
• Single or multiple supply?
• Barter transactions and consideration in kind
• Gifts of goods
• The artificial prices rule
• Awards and rewards
• Supplies to staff and salary sacrifice
• Loans of assets
• Goods or services used for a private or non-business purposes

Introduction to international services

• Possibilities for relief from standard rate VAT
• General Rule services (B2B and B2C)
• Other place of supply rules
• Imported services and the Reverse Charge

VAT traps in commercial property transactions

• Standard rated and exempt supplies of land and property
• The VAT option to tax and disapplications
• The VAT capital goods scheme

An introduction to partial exemption

• The key principles
• The basis of direct attribution
• “Residual input tax”
• The de minimis limit
• Standard and special methods and the “over-rides”