VAT and Retailing

An understanding of Value Added Tax (VAT) is essential for any type of business. Retailers and their advisers need to be familiar with the particular rules which apply to their sector, from the special retail schemes to the VAT treatment of vouchers and loyalty schemes, mail order sales, and sales outside the UK (both within and outside Europe). This practical guide for UK retailers and their advisers covers all the VAT aspects of retail sales. It is a useful reference guide for tax lawyers, accountants, and in-house tax managers. The book provides an introduction and overview of key developments in the last few years. Specific aspects include: retail schemes/special schemes --- vouchers, loyalty schemes, etc. --- second-hand goods --- sales outside the UK, EU, and non-EU --- mail orders --- electronic sales --- planning/pitfalls, including the communication of VAT strategy to key departments (e.g. marketing) --- a summary of recent court decisions/changes in law and their impact on VAT planning for retail.