A look at the weird and wonderful in the world of VAT.
All VAT officers are aliens!
Although the above statement is clearly not true, it is certainly the case that I’ve heard more than one client ask the question “What planet are they are?” when talking about some of the decisions that have been made by VAT officers. I’m aware many accountants, and indeed other professionals, believe VAT to be very different to all other taxes and, from their perspective, a bit weird.
So in this document we take a somewhat irreverent look at some of more interesting aspects of VAT. We’ve also thrown in some anecdotal stories from our working for HM Customs and Excise.
Anthony Perrinott Lysberg Barber, who was Chancellor of the Exchequer when VAT was introduced said: “VAT is a simple tax.”
This statement may have been one of the funniest ever made about VAT. Hopefully, some of the contents of this document will at least make you smile.
Associate, Head of VAT Services