Consideration covers anything which is received in return for the supply of goods or services.

The value of non-monetary consideration in a barter transaction is the figure agreed by the parties. If it is not agreed, see the last paragraph of Business Brief 8/1995 (5 May 1995), which is reproduced below.


There is an increasing number of transactions which involve barters of services. In principle, all barter transactions are subject to VAT.

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