Value added tax
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Value added tax by Paul Walter De Voil

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Published by Butterworths in London .
Written in English

Book details:

Edition Notes

Statementmanaging editor Leslie Livens ; assistant editors Moiz Sadikali, D. Roberts ; indexer B. Burke.
ID Numbers
Open LibraryOL13701572M

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The Value Added Tax: International Practice and Problems [Alan A. Tait] on *FREE* shipping on qualifying offers. This book is an examination of VAT. It looks at problems and theoretical options and potential impactsCited by: Feb 05,  · A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production . This book integrates legal, economic, and administrative materials about value added tax. Its principal purpose is to provide comprehensive teaching tools - laws, cases, analytical exercises, and questions drawn from the experience of countries and organizations from all areas of the world. It also serves as a resource for tax practitioners and government officials that must grapple with. A value-added tax (VAT) is a consumption tax levied on products at every point of sale where value has been added, starting from raw materials and going all the way to the final retail purchase.

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the actual transaction value of a product or service at each stage of production, distribution or sale to the end consumer, except where a business is the end consumer which will reclaim this input value. Value-Added Tax The Panel developed and analyzed a proposal to adopt a value-added tax (VAT) that would replace a portion of both the individual and corporate income taxes. The VAT is a type of consumption tax that is similar to a retail sales tax but is collected in smaller increments throughout the production process. Dec 01,  · Consumption taxes (such as value added tax (VAT) or good and services sales tax (GST)) are generally very different from direct taxes. For this reason, research in the two areas of tax law has for the past decades generally been Paperback. The value-added tax (VAT) is a relatively new tax. It was designed by two people, independently, in the early 20th century. To Wilhelm Von Siemens, a German businessman, the VAT was a way to resolve the cascading problems that arose in implementing gross turnover taxes and sales taxes.

Value Added Tax (VAT) was introduced to the United Kingdom on 1 April in conjunction with the UK’s entry into what is now the European Union. Almost exactly a year before, the then Chancellor of the Exchequer, Anthony Barber, told the House of Commons that “One of the great benefits of VAT is that it is a broadly-based tax which. LexisNexis provides a range of up-to-date books on Value Added Tax. Covering property, international and indirect tax round ups, LexisNexis offers the essential texts and authoritative material on VAT, enabling professionals and practitioners to be kept abreast of legislation and practices. Dec 15,  · Value Added Tax (VAT Rates) per Country. Including VAT (Value Added Tax) rates for Spain, France, Belgium, South Korea, Japan, Pakistan, Singapore and more. United States Council for International Business. Define your top bar navigation in Apperance > Menus; Join USCIB My USCIB. Value-added tax (VAT), government levy on the amount that a business firm adds to the price of a commodity during production and distribution of a good. The most widely used method for collecting VAT is the credit method, which recognizes and adjusts for the taxes paid on previously purchased inputs.