An easily overlooked aspect of VAT is the treatment of barter deals, i.e. exchanging goods or services, without the use of money. The supplies received in consideration of other supplies is consideration for VAT purposes and a taxable value must be attributed to both sides of the deal. This is often overlooked as simply business arrangements, and there are cases where it is artificial to impute a barter when the deal is essentially one-sided or the arrangement seeks a common benefit from contributing to the same activity.

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