- HMRC internal manual on VAT Supply and Consideration has been updated
- Provides guidance on determining liability of supply of goods or services for consideration
- Covers basic principles, identifying a supply, consideration, illegal supplies, goods or services
- Includes supplies of goods and services for both consideration and no consideration
- Defines consideration and indicators of consideration
- Covers off-setting, compensation, payments not considered as consideration
- Includes payments in specific sectors and settlement of disputes
- Amendments in respect of payments not considered as consideration, specifically carbon offsetting
- Adds two new pages with examples of activities outside the scope and commentary on other ecosystem services.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
