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Do you pay VAT as a business?

Elijah Foster | 2023-05-07 14:54:01 | page views：1422
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Julian Wilson

Works at the International Seabed Authority, Lives in Kingston, Jamaica.
Registering for VAT means you need to charge your customers VAT. ... It also means you can reclaim any VAT you pay, so reducing your costs. Rather than paying HMRC all the VAT you collect from your customers, you first deduct the VAT you have been charged on the business supplies you have bought.
2023-05-07 14:54:01
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Amelia Brooks

QuesHub.com delivers expert answers and knowledge to you.
Registering for VAT means you need to charge your customers VAT. ... It also means you can reclaim any VAT you pay, so reducing your costs. Rather than paying HMRC all the VAT you collect from your customers, you first deduct the VAT you have been charged on the business supplies you have bought.
What is VAT? UK VAT basics | Sage Advice UK
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