VAT on supplying goods to the employees
Hi to All,
One of the clients called me this morning and asked me very interesting question regarding the VAT.
The business (VAT registered) has Apple's outlet and sells Apple's products like iphones, ipads and computers etc. The employees of the business use the computers/ipads for business and private purposes.
The question is that should the business charge VAT to the employees for their private/business use as treating a normal supply? Apple charges VAT on the products leased/sold to the business.
Please answer me that what would be the VAT implications for the business.