SI 2019/1048 will limit reductions in output tax to situations where cash has been repaid to customers.
Source: gov.uk
Latest Posts in "United Kingdom"
- VAT Rules for Workwear, Uniforms, and Staff Clothing: What Businesses Need to Know
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions
- Beginner’s Guide to UK VAT: Registration, Rates, Exemptions, and Record-Keeping Explained
- UK Tribunal Overturns VAT Fraud Penalty, Clarifies Input VAT Deduction Rights for Taxpayer
