RE: FN-FORUM: VAT on books

date posted 23rd January 2007 22:46

Anthony Cartmell wrote:
> Technically-speaking books are zero-rated for VAT, not VAT exempt.
> There is a subtle difference to do with claiming VAT back, you might
> want to read up on this.

You definitely want to get this right. Neither your client nor your
client's customers will be happy with zero-rated being shown as exempt.
Trust me, I've worked for a company that had exempt supplies. VAT
processing was horrible.

Andy