Taxation of transaction between British Company and BVI

[Olga]

Please, can somebody help me to understand, what taxation would be implied to the agent commission paid by the Principal (BVI-resident physical person) to the British Company under the Agent Agreement? Would such transaction be subjected to any VAT, or Income Tax?
And the second question - what taxation would be implied if a Britain Company sales/buys an option (under the option contract) the basis asset of which is the rights and obligations under the Lease agreement??????? THANK YOUUU!!!!

[Generix]

Please, can somebody help me to understand, what taxation would be implied to the agent commission paid by the Principal (BVI-resident physical person) to the British Company under the Agent Agreement? Would such transaction be subjected to any VAT, or Income Tax?
And the second question - what taxation would be implied if a Britain Company sales/buys an option (under the option contract) the basis asset of which is the rights and obligations under the Lease agreement??????? THANK YOUUU!!!!

For the VAT;

Who is doing what for whom? (who is customer, who is supplier, what is being supplied?)

[Olga]

Please, can somebody help me to understand, what taxation would be implied to the agent commission paid by the Principal (BVI-resident physical person) to the British Company under the Agent Agreement? Would such transaction be subjected to any VAT, or Income Tax?
And the second question - what taxation would be implied if a Britain Company sales/buys an option (under the option contract) the basis asset of which is the rights and obligations under the Lease agreement??????? THANK YOUUU!!!!

For the VAT;

Who is doing what for whom? (who is customer, who is supplier, what is being supplied?)

Can VAT be charged from the agent comission that is paid under Agent Agreement?
And if the customer is a UK company and a BVI company is a seller, but the subject of sale is an option (a finsansial instrument of a forward delivery - a right to purchase the rights and obligations under the Lease contract (the subject of lease is outside UK).

[Generix]

Can VAT be charged from the agent comission that is paid under Agent Agreement?

Ok so far I have:

Supplier is outside of EU, making a B2B sale to UK customer for some sort of commission - without knowing anymore than this, I would say the BVI does not charge any EU VAT (not sure if any BVI indirect taxes apply if I am honest), and the UK customer must account for the reverse charge of VAT, if the UK customer is not VAT registered then this reverse charge would contribute to the 'taxable turnover' for the purposes of determining whether they should be registered for VAT.

You then go on to say:

And if the customer is a UK company and a BVI company is a seller, but the subject of sale is an option (a finsansial instrument of a forward delivery - a right to purchase the rights and obligations under the Lease contract (the subject of lease is outside UK).

Fairly certain this doesn't fall within any Sch9 exemption for financial services - although didn't look at each one - instead it feels more like either basic rule or land/property. Although to be fair I am going on gut instinct and need FAR more information.

Assuming it is Financial services - No VAT issue.
Assuming it is Land / Property - VAT would apply in the location the Land/property is situated.
Assuming it is basic rule - see my comments above.