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Old 08-02-2008, 01:04 PM   #10 (permalink)
nicola
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Quote:
Originally Posted by studio1one View Post
I fully intend to declare the full value as otherwise my balance sheet will be screwy and nothing infuriates the revenue more than a screwy balance sheet and an infuriated VAT man is the last thing I want on my tail. Not only that but you can't track your own profit and loss accurately if the figures in your books don't show an accurate representation of how much you've spent and earnt.

If these samples are being given to you and you are not paying for them, you wont pay anything. So why would you want to pay tax. The only time you pay tax is if you are buying them. Your supplier has probably just jotted down the price because obviously you need to know it. If you are paying for your samples then you do pay tax.
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