Bloomsbury Professional Vat 2019/20

List of contents

Chapter 1 How VAT works—an outline of the system
Chapter 2 Where to find the law
Chapter 3 When to register and deregister for VAT
Chapter 4 VAT groups
Chapter 5 The VAT return
Chapter 6 So what must VAT be charged on?
Chapter 7 Time of supply—when VAT must be paid
Chapter 8 The value of supply rules
Chapter 9 So what is reduced-rated?
Chapter 10 So what is zero-rated?
Chapter 11 So what is exempt?
Chapter 12 Is there one supply or two?
Chapter 13 What can a business recover input tax on?
Chapter 14 What is a valid tax invoice?
Chapter 15 Credit notes
Chapter 16 Bad debt relief
Chapter 17 What records are required?
Chapter 18 VAT housekeeping for finance directors
Chapter 19 How does a business keep up to date on changes in VAT?
Chapter 20 Exports and removals of goods
Chapter 21 Imports and acquisitions of goods
Chapter 22 EC Sales Lists and Intrastat returns
Chapter 23 Exports and imports of services
Chapter 24 Partial exemption
Chapter 25 The Capital Goods Scheme
Chapter 26 Property
Chapter 27 Recovery of foreign VAT: the 8th and 13th Directives
Chapter 28 What is a business?
Chapter 29 Agency is special
Chapter 30 Joint ventures
Chapter 31 The Second-hand Goods Scheme
Chapter 32 The Retail Schemes
Chapter 33 Annual Accounting Scheme
Chapter 34 Cash Accounting Scheme
Chapter 35 The Flat Rate Scheme for Small Businesses
Chapter 36 The Flat Rate Farmers’ Scheme
Chapter 37 The Tour Operators’ Margin Scheme
Chapter 38 Buying or selling a business
Chapter 39 Assessment and VAT penalties
Chapter 40 Taking an appeal to the Tribunal

About the author

Andrew Needham BA CTA of VAT Specialists Limited.

Summary

This annual guide to VAT provides clear and simple coverage, enabling both professionals and non-professionals to grasp current VAT law 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.

Value Added Tax 2019/20 has been updated to include the following:

The new requirements of MTD that have been introduced for most businesses this year with a major change in reporting requirements for VAT registered businesses
The easing of MOSS registration requirements for micro-businesses
Changes and clarification to the VAT treatment of vouchers
Changes to the eligibility rules for VAT grouping

This title 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.

This accessible reference guide 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.

Foreword

Provides clear and simple coverage, enabling both professionals and non-professionals to grasp current VAT law.

Product details

• Authors: Andrew Needham
• Publisher: Bloomsbury
• Languages: English
• Product format: Paperback / Softback
• Released: 30.06.2019
• EAN: 9781526509949
• ISBN: 978-1-5265-0994-9
• No. of pages: 920
• Series: Core Tax Annuals
• Subject: Social sciences, law, business > Law > Taxes