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  • VAT Memo - Input tax - Deductible input tax - Eligible input tax - Supply made to the claimant - 1956
    It is normally impossible under EU law to deduct input tax on an invoice made out to someone else, even where a taxable person has paid for it, because the supply is not made to the person making the claim. In the UK, however, input tax may be deducted in relation to certain expenses incurred for the employer's business purposes by an employee. Rules applying to independent financial advisers discourage the charging of commission and promote the charging of consultancy fees. Essentially, commissions are exempt...
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