This is an introduction to the VAT rules relating to bad debts, and the adjustments that debtor and creditor are required to make.
by Les Howard The rapid growth of the internet coupled with the European Single Market means that many businesses buy and sell cross border. The rules do not exclude such transactions from VAT. Howev...
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If you are in business, VAT is something you will have to address, whether you are registered or not. VAT can be a significant burden to you, or it can be something that actually helps your c...
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Inputs are purchases, so input tax is VAT on purchases which you are allowed to reclaim. It is, of course, your suppliers’ output tax. Can I reclaim VAT from before I was registered? More
HMRC have a number of special VAT schemes which are designed to reduce administration, but can also reduce or defer the VAT due. Probably more than half of all registered businesses are eligible for o...
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