KPMG directors Finbarr O’Connell and Ethna Kennon have recently published a book entitled A Practical Guide to Value-added Tax, to ‘demystify’ VAT for businesses.
Questions such as: Where is it regarded as taking place for VAT purposes? When is it regarded as taking place? Is it a supply of goods or services, or both? Does it give rise to VAT recovery on related costs? Who is responsible for remitting VAT on the transaction? are answered within.
It highlights how VAT is an important tax that all businesses small, medium, and large, should be familiar with.
The book discusses major topics regarding VAT, including Registration and Administration, Supplies of Goods, Supplies of Services, VAT on Property, VAT Recovery, Revenue Audits and Other Interventions, Receivers, Liquidators and Mortgagees in Possession, The European Union Dimension and Anti-avoidance, and Relevant Contracts Tax.
© 2017 - Checkout Magazine by Patrick Lewers