Page 106 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1

Special rules – Fixed property

Time of supply

Sale between Earlier of:
Supplied by a connected • Date of registration

vendor in the persons @ MV • Date of any payment

course of

furtherance of Only account for VAT to

an enterprise Other the extent of payment

Purchaser may claim
By a non-
Not supplied deemed input to the extent

in the course of vendor used for making taxable

furtherance of supplies to the extent of

an enterprise payment
By a vendor

If invoice basis – can only claim
E.g. house used

for residential once property is registered (to

purpose extent of payment)