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Do you pay VAT on insurance claims?

Charlotte Gonzales | 2023-06-10 01:27:09 | page views：1209
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Harper Bell

Studied at the University of Barcelona, Lives in Barcelona, Spain.
VAT on insurance claims is often not properly accounted for. When an indemnity payout is received for destruction, loss or damage to an asset used in a business enterprise. ... With regard to insurance payments, the correct position is as follows: Premiums paid - input tax is claimable, subject to normal requirements.
2023-06-14 01:27:09
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Elijah Price

QuesHub.com delivers expert answers and knowledge to you.
VAT on insurance claims is often not properly accounted for. When an indemnity payout is received for destruction, loss or damage to an asset used in a business enterprise. ... With regard to insurance payments, the correct position is as follows: Premiums paid - input tax is claimable, subject to normal requirements.
692. VAT and insurance claims - Saica
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