VATSC06100 - Consideration: Payments that are not consideration: Introduction: Contents
VATSC05100 gives a definition of consideration. However, there are certain situations where a payment is made but there is no supply for VAT purposes. This section gives the most common examples, although it is not a definitive list.
-
VATSC06110Donations
-
VATSC06120Deposits
-
VATSC06130Gratuities, tips and service charges
-
VATSC06140Consideration: Payments that are not consideration: Fines and penalty charges
-
VATSC06150Capital contributions
-
VATSC06160Disbursements
-
VATSC06170Ex gratia payments
-
VATSC06180Subject access fees
-
VATSC06190Compensation for damaged goods
-
VATSC06200Manufacturers� warranties
-
VATSC06210Retailers� warranties
-
VATSC06220Overpayments