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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Vat and Technology

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ISBN13: 9780406965639
ISBN: 0406965633
Published: March 2004
Publisher: LexisNexis Butterworths
Format: Paperback
Price: Out of print

The VAT and E-commerce Directive took effect on the 1st of July 2003. This legislation will have a major impact on non-EU suppliers of broadcasting and electronic services who supply such services to EU-based customers, forcing suppliers to levy up to 25 per cent VAT on sales. Affected businesses include Internet service providers, providers of online content services and databases, sellers of online software applications and upgrades, and suppliers of websites and web hosting facilities. The legislation will have a significant impact on the competitiveness of non-EU businesses that manufacture such supplies in the EU.;This text addresses these issues thoroughly. It describes the VAT implications of the supply of computer hardware and software, the VAT treatment of domestic and international IT and telecoms services, as well as the VAT consequences of the outsourcing of such services. It explains the complex area of VAT and how it applies to new technologies, including IT, telecommunications and biotechnology.

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Introduction: The Scheme of VAT; VAT as a Cash Flow Cost and an Absolute Cost; The Growth of VAT Litigation; Applying VAT to New Technologies; Cross-border Supplies; The VAT and E-commerce Directive. VAT and Telecommunications: The Melbourne Agreement; The European Legislation; Fixed Establishment and the Place of Supply; Telecommunications Assets - Leases and IRUs; Card Services; VAT and Mobile Services; Network Operations Centres; Bandwidth Sales; VAT Issues Raised by Multinational Direct Tax Structures. VAT and Information Technology: Importing Software; Hardware and the Capital Goods Scheme; Data Processing; IT Outsourcing; The Effect of the VAT & E-commerce Directive; Internet Service Providers. Biotechnology, Medical Devices and Healthcare: Research; The Significance of Exemption; Devices, Drugs and Prosthesis; Patents and Trademarks. The VAT and E-Commerce Directive: Background to the EU Legislation; Scope of the Legislation; Registration Requirements; The Interim Scheme; Practical Difficulties; Could the New Rules Be Challenged?. Appendices: The VAT and E-commerce Directive; Extract from the Sixth VAT Directive.