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What You Must Do When Charging Vat

Finsol Tax advisors are a firm of Accountants in Wembley offering a wide range of accounting and tax services for companies and individuals. Vat return: A VAT return is a form you file with HMRC, usually four times a year, to show how much VAT you are due to pay them. If you're not registered for VAT, you won't file VAT returns. You need to know the right VAT rate so you can charge it correctly and reclaim it on your purchases. If a transaction is a standard, reduced or zero-rated taxable supply, you must: • charge the right rate of VAT • work out the VAT if a single price is shown that includes or excludes VAT • show the VAT information on your invoice • show the transaction in your VAT account - a summary of your VAT • show the amount on your VAT Return You may be able to reclaim the VAT on purchases that relate to these sales. We provide a friendly and efficient service for all your accountancy requirements. You can contact us any time, we are ready to help you.

Contact Email: finsoltaxadvisors@gmail.com
Contact Phone: 020 8200 0016
Manufacturer: FinSol Tax Advisors Limited
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Number of Details Views: 32
Date Posted: 11/3/2017 4:32:59 AM
Posted in Category: Legals
Posted in: London
Ad ID: 394330