TABLE OF CONTENTS

Part 1 – Scope of VAT
Basic principles
What is a supply?
Business activity
Exempt supplies
Place of supply

Part 2 – Output tax
Time of supply
Consideration
Rate of VAT
Deemed supplies

Part 3 – Input tax
Deductible input tax
Recoverable input tax
Special situations

Part 4 – Compliance
Registration
Records
Reporting
Payment

Part 5 – Enforcement
Powers
Default interest
Penalties
Reconsiderations and appeals

Part 6 – Simplification
Overview
Flat rate scheme and annual accounting scheme
Cash accounting scheme

Part 7 – Particular activities
Land and property
Farming
Bloodstock
Retailers
Second-hand goods and collectibles
Gold transactions
E-business
Agencies
The travel industry
Barristers
Public bodies
Charities
Clubs and associations
Pension funds

Part 8 – Business situations
Commencing and ceasing a business
Groups

Part 9 – Overseas issues
Transactions within the EU
Transactions outside the EU
Transactions with all countries

Part 10 – General information
Appendix
EU Directive
Table of cases