ZERO RATING
This query is : Resolved
RAHUL KUMAR TAANK
(Querist)
03 December 2010
DEAR SIR,
WHAT IS ZERO RATING?
WHAT IS ZERO RATING?
Ajay Mishra
(Expert)
04 December 2010
ZERO RATING
As well as maximising the organisation’s VAT recovery we would also identify any additional areas where VAT would not have to be paid at all. The most common areas of zero rating are supplies to charities such as new buildings, disabled facilities and advertising services.
For the first two areas we will review business plans, architect’s drawings and any priced breakdowns of the works and will help the organisation draft the appropriate certificate to the supplier. In the latter case we will review all supplies of advertising received and will negotiate with the suppliers to obtain any VAT refund due.
In each case, where appropriate, we will discuss the supplies with H M Customs & Excise and will seek their approval in contentious areas.
Regards
ZERO RATING
As well as maximising the organisation’s VAT recovery we would also identify any additional areas where VAT would not have to be paid at all. The most common areas of zero rating are supplies to charities such as new buildings, disabled facilities and advertising services.
For the first two areas we will review business plans, architect’s drawings and any priced breakdowns of the works and will help the organisation draft the appropriate certificate to the supplier. In the latter case we will review all supplies of advertising received and will negotiate with the suppliers to obtain any VAT refund due.
In each case, where appropriate, we will discuss the supplies with H M Customs & Excise and will seek their approval in contentious areas.
Regards
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