This is the first of 3 posts that I’m planning on the subject. Today, we’re dealing with one of the most important principles and this is the very basic aspects. What does this mean? For example, supplies you’re making any payment to an associated business, does that mean that the associated business should add VAT? And if they do add VAT, can you claim it from HMRC on your VAT return?
Source: vatexchange.co.uk
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