Supply and demand

Article Abstract:

The revised provisions pertaining to the place of supply of service eliminated the zero rate applied to services rendered by UK accountancy firms to their non-UK clients. The VAT (Place of Supply of Services) Order 1992 (SI 1992/3121) was implemented to align UK VAT rules with EC directives. Since the zero rate was not in strict accordance with EC rules, it will no longer be applicable to international services beginning Jan 1, 1993. The services provided by UK accountants to their non-UK clients will either be subject to standard rating or be considered outside the scope of the tax. The revised provisions effect nochange in the VAT treatment of general accountancy and related services supplied to clients who are in the same place as the British service provider. Courses of action for UK accountants are suggested to help them deal with the new VAT rules.

Accounting, auditing, & bookkeeping, United Kingdom, Taxation, Accounting firms, Accounting services

---

The political P11D

Article Abstract:

Filing British 'P11D' tax forms can result in problems for senior executives. P11D focuses on benefits and expenses, with implications for national insurance contributions (NI) and value-added taxes (VAT). Indicating NI contributions is complex because of recent discussions on what is taxable as a benefit, and the government's decision to define remuneration by salary instead of prerequisites. Filing P11D is also difficult because a firm must evaluate any possible VAT implications in its remuneration package.

Analysis, Management, Portrayals, Executives, Tax returns, Great Britain

---

Similar abstracts:

• Abstracts: Publicity and Advertising. The new professionals. Notes from the Diary of a President
• Abstracts: The internal control debate. The MBA option. Internal audit - A career path or a dead end?
• Abstracts: Equity and the accountant. The cost of deferring a consideration
• Abstracts: CEO selection, succession, compensation and firm performance: a theoretical integration and empirical analysis
• Abstracts: Capital investment analysis for the small business. The value of outside directors: myth or reality?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.