The heady world of VAT

KEY POINTS

• VAT place of supply rules.
• VAT and the cross-border supplies of services.
• Stamp duty measures.
• Charter draft blues.
• Defining a senior accounting officer.

Value added tax was the subject under discussion in the fourteenth sitting. Mark Hoban (Conservative) kicked off the proceedings with the comment that it was a ‘brief foray into the heady world of VAT’ for him as normally his hon friend David Gauke (Conservative) would debate this area of tax.

Mr Hoban explained that clauses 75 to 78 introduced changes to the place of supply for VAT purposes. From January 2010 the basic place of supply for services for a business-to-business transaction would be where the customer was established.

It has previously been the place where the supplier is established. He wanted to know what was being done...