Discussion
Can anyone explain this "you can claim it all back in your tax" comment.
Say i buy a van for £20,000. I pay the VAT and claim it back as VAT registered.
When it gets to my next corporation tax payment, lets say its £8,000.
Does this mean i don't pay any corp tax ?
I will speak to my accountant but just wanted an understanding of it first
Say i buy a van for £20,000. I pay the VAT and claim it back as VAT registered.
When it gets to my next corporation tax payment, lets say its £8,000.
Does this mean i don't pay any corp tax ?
I will speak to my accountant but just wanted an understanding of it first
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