If a taxpayer accounts for VAT on a margin basis, they should take into account the entire consideration received (excluding VAT), and not just the margin, for the purposes of calculating the small business VAT exemption threshold…. This content is for Full Membership members only. Want to read background, core of the problem, conclusion and...

When a supply involves two properties and causes the exemption threshold to be exceeded, VAT must be paid on the entire value of the supply, even if taking into account the value of one of the properties would not cause the small business exemption threshold to be exceeded…. This content is for Full Membership members...

The exemption for small enterprises may be denied on the grounds that the taxpayer did not submit earlier, in due time, the appropriate registration declaration, in which he was supposed to select the option of such exemption…. This content is for Full Membership members only. Want to read background, core of the problem, conclusion and...

A company sells cosmetics through a network of consultants. Those consultants do not pay VAT. The derogation decision empowered the UK to collect output tax from such a company based on the consultant’s selling price to the final consumer, rather than on the company’s selling price to the consultant. Such a system, however, does not…...

A taxpayer exempt from VAT (below the threshold; small enterprises exemption) does not have the right to deduct input VAT – also when he purchases services settled on the reverse charge basis, which are used for services provided outside the territory of the country…. This content is for Full Membership members only. Want to read...