VATP009 - Date of Supply for Independent Directors

Issue:

The date of supply prescribes the point in time when a VAT Registrant needs to account for VAT. The date of supply is determined either as per the general rules or the special rules, depending on whether there will be periodic payments or consecutive invoices.

This Public Clarification discusses the date of supply for the Board fees paid to Independent Directors.

To read more in details, find the enclosed file