Tax scenarios in UK
Hi,
I do business in UK and need to understand various tax scenarios wrt to P2P flow.
1)I procure goods from a supplier in UK.
Standard Vat(20%),Reduced VAT(5%) and exempt will be applicable for P2P transactions.
2)I procure goods from a supplier in EU but not in UK
What will be possible tax scenarios for this purchase?
3)I procure goods from a supplier not in EU.
What will be possible tax scenerios for this case?
Thanks
AJ