VAT - Basic Tax Point

Question 1

What is the basic tax point (date of supply) for goods?

Answer 1

The date the good was removed from inventory or dispatched

Question 2

What is the basic tax point (date of supply) for services?

Answer 2

The date the service was performed

Question 3

What is the basic tax point (date of supply) for goods on sale or return?

Answer 3

Earlier of
- the date the goods were adopted by the customer
- 12 months after the date of dispatch