A value-added tax (vat), known in some countries as a goods and services tax (gst), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.. Notice vat notice 718: the margin scheme and global accounting. 21 costly vat mistakes businesses make on their vat returns. march 9, 2017.
The subtlety is between zero-rated, exempt and outside the scope of vat. the first two are reported on vat 100 and the last is not so it is best to get them accurate.. Authorised vat return software supplier, provider of customised excel applications and a wide range of it support.. Whistle-stop tour. view our video for a whistle stop tour of new sage 50cloud. track cash flow. link directly to your bank account, record sales and receipts in real time.
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