In page navigation
Any stage in the distribution of goods at which value added tax becomes payable to the collector, i.e. Her Majesty’s Customs and Excise. Generally, this occurs when goods are handed over or services are given in the course of a genuine transaction for value. However, the Customs and Excise reserve the right to direct that the tax point should be earlier than that date if circumstances merit; such directions are not common.
Reference: The Penguin Business Dictionary, 3rd edt.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >