.png)
.png)
Twelve Christmas treats
Key points
- Singing is a business-to-consumer service where the VAT charge depends on where the performance takes place.
- Input tax can be claimed on gifts when they are incurred for a business purpose for example to reward staff.
- Chocolate cakes are zero rated; biscuits are zero rated if they have a chocolate filling but standard rated if they are covered even in part by chocolate.
- HMRC can issue assessments using ‘best judgment’ if it suspects underpaid VAT.
This festive period it seems like a good excuse to present a special VAT version of the popular carol ‘The twelve days of Christmas’. See 12 VAT days of Christmas for the full version in case readers are inspired to sing a rendition of it after perhaps their Christmas lunch.
On the first day of Christmas my true love sent to me … a farmer in a...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
