Continuing our series of basic informative articles Astrid Krause Senior Manager and Ruby Dhillon Manager Deloitte discuss VAT and Business Promotion Schemes
Business promotion schemes although aimed at driving sales and bottom-line profit can cause major VAT complications for finance departments. Promotion schemes are generally the marketing director's brainchild and the tax implications of any campaign are therefore not always at the forefront of any discussions about the relative merits of such schemes. As a result promotion schemes may fail dismally due to unforeseen VAT issues either in terms of accounting headaches or in the worst cases because of an increase in the real VAT cost for the business.
VAT — Why So Complicated?
...
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Continuing our series of basic informative articles Astrid Krause Senior Manager and Ruby Dhillon Manager Deloitte discuss VAT and Business Promotion Schemes
Business promotion schemes although aimed at driving sales and bottom-line profit can cause major VAT complications for finance departments. Promotion schemes are generally the marketing director's brainchild and the tax implications of any campaign are therefore not always at the forefront of any discussions about the relative merits of such schemes. As a result promotion schemes may fail dismally due to unforeseen VAT issues either in terms of accounting headaches or in the worst cases because of an increase in the real VAT cost for the business.
VAT — Why So Complicated?
...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
