VAT reduction
VAT reduction
Out of context: Reply #23
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- Horp0
I was also using that as an example, hence my putting "by way of example here".
I think we need some disambiguation on this subject. Who is talking about VAT charges on consumer goods and who is talking about VAT charges on B2B... because the two things are dealt with very differently.
Moth, your eample of selling things in a one pound store suggests you are discussing VAT as a retailer selling to the end consumer, not a supplier invoicing clients. In that case, yes, it makes sense to have an all-in price. You are not required to declare what portion is VAT to the end consumer.
But for B2B, you have to rigidly adhere to the rules of VAT and you wouldn't embed a VAT cost into a 'rate' for services or products.