V3.501 Output tax—overview
This paragraph provides an overview of the charge to output tax and a number of important matters associated with output tax along with references to further detailed commentary.
Output tax on the supply of goods or services
VAT is charged on the following supplies made by a taxable person1:
- Ìý
•ÌýÌýÌýÌý supplies of goods and services which meet the conditions described in V3.101, and
- Ìý
•ÌýÌýÌýÌý transactions within V3.211–V3.268 (deemed supplies) which are treated as supplies of goods or services
VAT on supplies of goods and services made by a taxable person is known as 'output tax'2.
Output tax on the acquisitions of goods (before 1 January 2021 and with continued effect in respect of Northern Ireland)
Before IP completion day (11pm on 31 December 2020) VAT was charged on any goods acquired from an EU member state by a taxable person if the conditions described in V3.361 at 'The charge to tax on acquisitions' were met3. VAT on the goods
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