One query that constantly reappears is that of the VAT treatment of deposits.
This may be because there are different types of deposits with different VAT rules for each. I thought that it would be helpful for all the rules to be set out in one place, and some comments on how certain transactions are structured, so…
Broadly, we are looking at the tax point rules. The tax point is the time at which output tax is due and input tax recoverable.
Source: marcusward.co
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