Proper adherence to the Vat code is crucial for any business. While other taxes such as corporation tax are calculated as a percentage of a profit, Vat usually applies to the top line of a business. Not charging/collecting Vat on sales, when it ought to, can lead to large tax bills often representing multiples of a business’ profits and with the potential to seriously affect a business’ solvency. That is what makes a number of recent decisions before the Tax Appeals Commission (TAC) so interesting. The counsellor The TAC was asked to decide, based on the law as it stood…

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