Author Description

This very practical guide covers the many compliance issues surrounding VAT and is an ideal quick reference work for anyone involved in VAT compliance including practitioners, non-VAT specialists and tax students. Written to complement Taxwise I and II with clearly laid out examples, it focuses on paying the right amount of VAT at the right time. Tolley's VATwise: Provides guidance on completing forms and record-keeping Provides an understanding of the basic principles of VAT Covers recurring problem areas in detail, including land and property, partial exemption, international trade and recovery of foreign VATThis year's edition has been fully updated to include all the Finance Act changes including those affecting tax points, the annual accounting scheme and evidence for input tax deduction. There are also even more examples in order to provide greater clarity and understanding.