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Sales and transfers of Christmas plants may fall into different VAT categories, explains NEIL WARREN
KEY POINTS
- Using a Christmas tree as an example the rate of VAT can depend on the circumstances of a supply.
- Standard rate applies to an import from outside the EU.
- A business gift may be outside of the scope of VAT.
- Donations to a charity may be zero-rated supplies.
- A sale by a charity could be an exempt supply.
- In rare instances a reduced rate could be applicable.
To misquote the title of a James Bond film a key message in the world of VAT is: “never say never”. (The 1983 movie was actually Never Say Never Again and it starred Sean Connery.)
So if I asked you a simple question: “What is the VAT liability of a Christmas tree supplied in...
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