Please can somebody help me / point me in the right direction as to where i can find out what the VAT liability is for a prescription injection - ie. whether it should be exempt or zero rated.
Are you doing the books of the pharmacy / doctors surgery?
Is this an individual and if so in what context would they be looking to reclaim VAT.
The difference between those two answers is likely to be being directed to either 701/31 or 701/57.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
The gist would seem to be that if administered by or under the control of the pharmacist then supplies are exempt but if supplied to the end use for self administration they would be zero rated.
Have a read and see if you can find a definitive answer buried in there.
Right, off to make dinner now.
Talk later,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
shaun, so from the perspective of a wholesaler supplying medical goods to pharmacies - what is the vat liability? the above notice talks alot about the vat liability from the perspective of pharmacists and doctors and health professionals - but i cannot find specific detail as to what happens from a wholesalers point of view (POV)
You said that you were doing the books for a pharmacy?
Doing the books for a wholesalers would be standard rated as the supplies do not form part of a medical service until in the hands of medical professionals / surgeries.
basically, when goods are manufactured there is no guarantee as to how they will eventually be used.
For example a syringe could be used in a medical practice or equally for refilling an ink cartridge.
There are exceptions to this if the medical institution is set up as a charity in which case goods that might otherwise be supplied standard rated could be supplied on an exempt or zero rated basis (see 701/1).
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
