Report Abuse. No they are NOT the same. Corn flour is the entire corn kernel milled into flour. It contains protein and fat as well. Corn starch is just that-starch. It is chemically seperated from the protein and other components of corn flour. However they can sometimes be used interchangeably, especially in soups and stews.
Introduction to VAT Recovery. VAT (Value Added Tax), is a tax that is charged on most business transactions in the European Union. Businesses add VAT to the price they charge when they provide goods and services to both business customers and final consumers. Business customers are entitled to recover the VAT they pay on their purchases in most cases.
It is sometimes useful when considering a transaction to âgo back to basicsâ for VAT purposes. There are four tests to determine whether a supply is taxable and these are set out below. Broadly, these tests establish whether UK VAT is payable on a sale. A transaction is within the scope of UK VAT if the following four conditions are satisfied. 1. It is a supply of goods or services. There is a distinction between the two types of supply as different VAT treatments may apply. However, if no goods are services are actually provided, there is no supply. Indeed, if there is no consideration for a supply, in most cases it is not a taxable supply.