Managing your VAT return is a complicated process at the best of times, but it gets even more challenging when you add shipping costs for delivery duty paid (DDP) items into the mix.
Generally, your company’s VAT refund comes from VAT that the company paid on products and services that were purchased, not products that your company sold or supplied. But when you have to consider DDP as well, your VAT reclaim get a bit complex.
Typically, most of the work of preparing a VAT return involves deciphering and understanding the myriad VAT receipts that you get from your employees’ for their business travel expenses. But if your company is bearing DDP shipping costs, you’ll have to switch your focus to handle the outgoing shipping receipts as well.
Source: way2vat.com
