VAT reduction
VAT reduction
Out of context: Reply #6
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- Horp0
I get the impression that none of you are actually VAT registered.
You HAVE to adjust the VAT you charge if they reduce it, its not part of your fees.
Nobody would have to refund anyone unless they tried to continue charging 17.5% after the rate change.
ALL Vat gets claimed back by any VAT paying business. VAT is one long game of pass the parcel. You have no choice but to charge it, and you have no choice but to pass it back to HMCustoms. Its only the end cosumer who has to pay VAT and can't reclaim it.
- Actually, now I understand, from Moths post, that you are all on about from an etrade POV, I retract and apologise!!!Horp