Will VAT be a cost to the business?

Where you are involved with the supply of items or organizations that are at risk to VAT (checking at the zero rate) you will be fit the bill for recoup VAT you realize on costs. Where you are possessed with activities that are prohibited from VAT and you can't recuperate VAT achieved on costs, VAT will be a cost to your business (as suppliers will charge VAT that you can't recoup).

Faqs | 👁 906 | Posted October 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: October 21, 2018 | Author: