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| Definition of Supply in respect of VAT supply of goods. http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=5&t=6697 |
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| Author: | JD [ Mon Aug 13, 2007 1:38 am ] |
| Post subject: | Definition of Supply in respect of VAT supply of goods. |
Definition of Supply in respect of VAT supply of goods. ____________________________ Supply is the passing of possession in goods pursuant to an agreement, "hereunder the supplier agrees to part with, and the recipient agrees to take possession. By "possession" is meant in this context control over the goods, in the sense of having the immediate facility for their use. This may or may not involve the physical removal of the goods.' Regards JD |
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