Tolley’s Value Added Tax
2001-02

By Robert Wareham, BSc (Econ), FCA and Alan Dolton, MA (Oxon)

Tolley’s Value Added Tax
2001-02 (1st edition) features:

• Changes in the current law and practice up to 1 January 2001.

• A revised and expanded chapter on Appeals

• C & E’s interpretation of ‘incorporation’ and ‘ordinarily incorporated’ in relation to building materials supplied with construction services

• Changes to data required on Supplementary Declarations from 1 January 2001

• New simplified method for car dealers to account for VAT on private use of ‘stock in trade’ cars

• C & E’s new trial approach to civil investigations

• Advance notice of changes to the provisions relating to VAT representatives of non-established taxable persons

The second edition will cover changes to 1 July 2001, including the provisions of the Finance Act 2001. Proposals announced in the Green Budget relating to VAT include:

• Reducing the rate of VAT on residential conversions to 5%

• Removing the VAT burden on developers renovating and selling houses which have been empty for at least ten years

• Extending the benefit of the cash accounting and annual accounting schemes

• Consulting on a ‘flat rate scheme’ for small businesses
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Price: £95.00*
Product code: VAT01
ISBN: 0 7545 1158 8

*Price includes two complete volumes. The first edition will be despatched with an invoice and the second edition will be sent out without charge in September 2000.