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.
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VATSC06110Donations
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VATSC06120Deposits
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VATSC06130Gratuities, tips and service charges
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VATSC06140Consideration: Payments that are not consideration: Fines and penalty charges
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VATSC06150Capital contributions
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VATSC06160Disbursements
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VATSC06170Ex gratia payments
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VATSC06180Subject access fees
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VATSC06190Compensation for damaged goods
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VATSC06200Manufacturers’ warranties
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VATSC06210Retailers’ warranties
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VATSC06220Overpayments