Author Description

This practical guide covers the many compliance issues surrounding VAT and is designed as a 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. It provides guidance on how to complete forms, record-keeping and an understanding of the basic principles of VAT. It also covers recurring problem areas in detail, including land and property, partial exemption, international trade and recovery of foreign VAT.