Value added tax 2009/10 - Andrew W Needham

a clear reader-friendly style. The book has plenty of practical examples. This book is suitable for many groups of people, including finance directors, students and accountants and lawyers who need a sound working knowledge of VAT. Taxation Magazine, April 2007 Written in plain English, this book provides an in-depth understanding of the key issues in VAT. Highlighting numerous pitfalls and planning points, it refers to the latest legislation, tribunal and court decisions as well as HMRC practice. Contents: How VAT works - an outline of the system, Where to find the law, When to register and deregister for VAT, VAT groups, The VAT return, So what must VAT be charge on?, Time of supply - when VAT must be paid, The value of supply rules, So what is reduced-rated?, So what is zero-rated?, So what is exempt?, Is there one supply or two?, What can a business recover input tax on?, What is a valid tax invoice?, Credit notes, Bad debt relief, What records are required?, VAT housekeeping for finance directors, How does a business keep up to date on changes in VAT?, Exports and removal of goods, Imports and acquisitions of goods, EC Sales lists and Intrastat returns, Exports and imports of services, Partial exemption, The Capital Goods Scheme, Property, Recovery of foreign VAT: the 8th and 13th directives, What is a business?, Agency is special, Joint ventures, The Second-hand Goods Scheme, The Retail Schemes, Annual accounting, Cash accounting, The Flat Rate Scheme for Small Businesses, The Flat Rate Farmer's Scheme, The Tour Operator's Margin Scheme, Buying or selling a business, Assessment and VAT penalties, Taking an appeal to the Tribunal