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Worried about Man Utd, VAT and the sale of Cristiano Ronaldo, NEIL WARREN decides to have a look at international supplies
KEY POINTS
- Remember the different treatment for goods and services.
- The rules for determining the place of supply.
- What does the ‘supply of staff’ mean?
- Important changes from 1 January 2010.
- Can a written ruling still be obtained?
The two most shocking figures we have all encountered in recent months relate to the government’s annual public sector deficit (£175 billion and rising) and the transfer fee paid by Real Madrid for Manchester United footballer Cristiano Ronaldo (£80 million).
It is ironic that I was reading about both figures while standing at a bus stop listening to two mature ladies complaining about the price of bread going up by 20p a loaf this year. What a disgrace!
But going back to Ronaldo is there a nice £12 million VAT windfall for the...
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