VALUE ADDED TAX AND THE PORTS INDUSTRY

The purpose of this article is to give indications of the decisions and advance planning for VAT which are now required in the ports industry by port authorities and many port operators. It does not purport to be a comprehensive and authoritative guide to the tax. A suggested reading list for more detailed coverage of VAT is included at the end of the article. Some points closely affecting ports remain to be agreed with H.M. Customs and Excise at the time of writing (and others will no doubt arise over the next few months and after the tax comes into operation from 1st April 1973). However, the two Customs notices which all traders have received (VAT General Guide No. 700, and VAT Scope and Coverage No. 701) are essential reading in every organization for the basic features of the tax and how it is to be applied. The use of references to 'port authorities' in the remainder of this paper is for brevity's sake. Many port operators and others providing port services should find some relevance in the comments made.

• Corporate Authors:

  National Ports Council

  1-19 New Oxford Street
  London WC1A 1DZ,   England 
• Authors:
  • Duckworth, S
• Publication Date: 1972-12

Media Info

• Pagination: p. 42-54
• Serial:
  • National Ports Council Bulletin
  • Issue Number: 3
  • Publisher: National Ports Council

Subject/Index Terms

• TRT Terms: Costs; Port operations; Ports; Taxes; Transportation planning
• Uncontrolled Terms: Port finance
• Subject Areas: Finance; Marine Transportation;

Filing Info

• Accession Number: 00043726
• Record Type: Publication
• Source Agency: National Ports Council
• Files: TRIS
• Created Date: May 4 1973 12:00AM