A checklist on whether output tax on taxable supplies is accountable to HMRC is at ¶140.
(1)If the person has received money and has not accounted for standard rate VAT in respect of it, there is clear statutory authority or a valid written HMRC ruling for that treatment.
(2)Output tax can arise on barter transactions. On a part-exchange deal, output tax can arise on the gross consideration, not just the cash consideration. Where a person receives non-monetary consideration or charges artificial prices, he must account for VAT on the correct value.