Compensation for late performance subject to VAT or not?
Is compensation received for late performance subject to VAT?
19/11/2019 15:45:42
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Yasmin Gogi19/11/2019 15:51:29
Public Clarification VATP001 discusses a scenario where compensation is received for late performance and argues that the purpose of such a payment is not to provide consideration for a provision of any goods or services. As such, these payments would be outside the scope of VAT.
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