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VAT Issues and Solutions

VAT Issues and Solutions
Only £85.00
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Paperback IBSN: 978 1 84766 167 8 - £85.00 VAT Free
VAT Issues and Solutions
Edited by: John Davison

Written by Alan Buckett, John Davison, Maric Glaser, John Harris, John O’Donnell, Andrew Rimmer, Martin Scammell and Jeremy Woolf.

“…this is a book with many qualities, not least the fact that it is written in a clear and practical manner that is easy to understand.” Taxation

The law, complex issues, and how to avoid costly VAT problems

This user-friendly new VAT book steers you carefully through the minefield that is Value Added Tax. It demonstrates how to accurately determine the VAT liability of your business transactions whilst complying with the very latest VAT rules and regulations.

VAT Issues and Solutions examines a number of everyday VAT scenarios providing the answers and practical tax guidance required when you encounter similar situations. This includes:

  • A jargon free summary of the major VAT considerations and issues
  • The latest finance schemes and tax opportunities
  • Step-by-step guidance covering all elements of the VAT process
  • Invaluable accounting methods and VAT techniques that simplify your work
  • Expert commentary on the KEY business concerns and tax implications

Avoid the common mistakes and take advantage of the latest VAT opportunities

Incorrectly applied and processed VAT can prove ruinously expensive. This superb new book shows how to avoid common VAT mistakes no matter the complexities and amounts involved. Step-by-step it outlines what you need to do, and when you need to do it.

At just £85 this book will pay for itself many times over thanks to the practical guidance and brilliant advice

VAT practitioners, tax advisers, small business owners and finance directors will benefit from the clear advice and guidance – you will never again be hit with an unexpected VAT bill or penalty. PLUS, it offers tips and suggestions on dealing with HMRC to help save your time and money. The expert authors are all leading VAT practitioners who share their experience, expertise and techniques.

Businesses of all sizes can avoid expensive VAT problems and penalties by following the clear information supplied in this essential new book. Order your 30-day no risk FREE trial copy TODAY.

Bibliographic detail

ISBN/ISSN: 978 1 84766 167 8
Publication Date: Feb 2008
List price: £85
Format: Paperback
Availability: In Stock


Contents


The Law
EU law, Land law, Contract law, VAT avoidance and disclosure, VAT investigations
Basic VAT Issues
Supply, Mixed or composite supplies, Time and place of supply, Consideration, Input tax deductions, 8th and 13th Directive reclaims, Small business reliefs, Common VAT pitfalls, Errors and penalties
Business and Specialist Topics
Clothing and footwear, Second-hand goods, Farming, Food and catering, Hotels and accommodation, Transport, Tour Operators’ Margin Scheme
Complex areas
Property, Exports and intra-EU dispatches
  • Reviews

A key challenge for any technical book publisher is to decide whether to produce material that focuses on the strength and expertise of its author(s) or one that fully meets the anticipated needs of its readers. There is a place in the market for both types of book and I feel the main strength of this book is that it enables the eight authors to share with readers their enormous experience and pedigree gained in VAT positions over many years.


The detail provided in many chapters of the book is very impressive. VAT specialists in both the tax and legal profession can learn much from the depth and analysis provided on many topics – the focus on VAT law is very strong.


However, in concentrating on the specialist subjects of the authors, I felt there was perhaps a shortfall in information about some of the traditional VAT topics that are a perpetual problem to the general practitioner. For example, I tried to find detail about the partial exemption special method certification procedures that came into effect on 1 April 2007, and the index only directed me to four pages on partial exemption. I also tested the book on situations when the 5% rate of VAT applies in the construction industry and again struggled to find any significant detail.


The book is divided into four very clear sections: law, basic VAT issues, business and specialist topics and complex areas. I was surprised that the chapter on ‘mixed or composite supply’ was included in the basic VAT section, as recent case law decisions have certainly made this a complex area. I also felt that ‘clothing and footwear’ and ‘farming’ did not probably justify complete chapters in the specialist topics section, but I would have liked to have seen a whole chapter devoted to a business with partial exemption issues, e.g. an optician. A chapter covering the challenges facing builders in the construction industry (e.g. liability problems) may also be useful in the future.


The detail and enthusiasm of the author who wrote the chapter on ‘VAT Investigations’ is excellent and a must for any adviser representing a client in trouble with HMRC. I also enjoyed the chapter on ‘Property’, a subject that is always top of the agenda for most people working in the mysterious world of VAT.


Overall, this is a book with many strengths and qualities, not least the fact that it is written in a clear and practical manner that is easy to understand.


Reviewed by Neil Warren
Taxation Magazine, 5 June 2008

 



 
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