tax point

tax point

the time at which a supply of goods or services is treated as taking place and at which VALUE ADDED TAX becomes chargeable.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
From a tax point of view, S is amiable and is willing to sell its T stock or to cause T assets to be sold.
"With the large private companies/plcs my team has the opportunity to identify the issues from the tax point of view and then we will call in the accountants to give the specialist advice which would be required.
Mr Stephenson said: 'When it comes to the time for an entrepreneur to retire or sell his business, it is generally far more beneficial from a tax point of view to sell the company itself, as opposed to the trade and assets.
From an income tax point of view, if a taxpayer is subject to tax in a state in which it is doing business, it must file income tax returns in that state.
SHOULD you be purchasing a second home as an investment property then the tax implications of purchasing a property jointly should be considered not only from an Inheritance Tax point of view but also from Capital Gains Tax standpoint.
This type of fund is much more tax efficient from a capital gains tax point of view as if the manager creates gains within the fund it does not count against your own particular annual capital gains tax exemption, currently pounds 8,500.
If so, you can often achieve a substantial permanent VAT saving by reviewing the tax point for VAT purposes.
Who is the better off from an inheritance tax point of view?
VCT's are very attractive from a tax point of view.
The tax point to remember is to make it clear that the money is a grandparent's gift.
It is important, not only from an inheritance tax point of view but also from claiming entitlements, to ensure that such occupation does not carry with it rights beyond those of a licence.