Graham Funnell

Author's advance
I see that the replies to a query about an author in the issue of 14 September 2000 at page 629 did not mention VAT. The query concerned advances paid to the author which would be partly repayable to the publishers if sales of the forthcoming book did not reach a specified level. The damage from failing to appreciate the need to register for VAT could be both greater and more immediate than the direct tax points discussed.