Tolley's VAT Planning 2012-13

Written by the winner of the Taxation Award for 'Tax Writer of the Year 2008', this practical guide for successful VAT planning addresses the many VAT issues that practitioners encounter on a regular basis. Taking a transaction-based approach, the book outlines how to make the most of the various VAT provisions and schemes for all sizes of business.

Each chapter analyses the pros and cons of various VAT positions, and this highly practical book includes worked examples and practical planning points that could help save money for clients.

Tolley's VAT Planning provides workable solutions to practical VAT problems, separating key planning points from complex legislation and guiding you through an otherwise complex set of legislation, regulation and schemes.

New material within Tolley’s VAT Planning 2012-2013 includes:

• Bad debt relief and credit notes – recent approach of courts on timing issues
• Place of supply rules – where are we now? When must VAT still be charged on an income raised to an overseas customer?
• A major change – a new penalty system to be introduced for late VAT returns and payments
• Salary sacrifice arrangements – new output tax rules from 1 January 2012
• HMRC visiting approach – implications of the ‘spend to save’ strategy for certain sectors
• New chapter – summary of key tribunal cases in last 12 months that are relevant to SMEs