Compensation or supply?

Article Abstract:

One key area where there can be confusion and debate with Customs is whether a payment constitutes a fee for services rendered, or whether it is compensation payable for a breach of contract or some other damage. One such case, the case of Battersea Leisure, which originated several years ago is discussed.

Compensation (Law), Breach of contract

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VAT update: Clearly visible exemption for opticians

Article Abstract:

The Vision Plus/Specsavers Ltd. tribunal decision allows the Revenue the authority to apply the standard method to all opticians. The decision shows that it is always better to negotiate as far as possible on partial exemption in order to avoid engaging the tribunal system.

Taxes, Taxation, Tax exemption, Tax exemptions, Opticians, Canada. Revenue Agency

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VAT update: Accountancy's monthly round-up of the latest VAT developments

Article Abstract:

The developments that took place in the development of value added tax (VAT) during the fourth quarter of 2004 is mentioned. An overview of events like the comments by the Court of Appeal on the Pegasus Birds case, VAT on business research and many others is provided.

Interpretation and construction, Accounting, Value-added tax, Accounting law

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