Flyfisher
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- Norfolk, UK
Fair enough. Seems like the rules are not consistent then. Now why am I not surprised about that? :roll:
LadyArowana said:Some things are "exempt" and some things are "zero rated", for people who like clipboards and anoraks it is indeed a fascinating distinction. :lol:
LadyArowana said:Flyfisher said:I think the reason is because, technically, VAT is still payable but it is zero-rated. Therefore, your contractors must invoice you and include VAT at 0% and there is no actual cost. But if they invoice you with the usual 20% VAT, there is no mechanism to subsequently claim it .
Some things are "exempt" and some things are "zero rated", for people who like clipboards and anoraks it is indeed a fascinating distinction. :lol:
There's a phrase you don't often encounter.Moo said:a particularly sweet VAT officer
Penners said:There's a phrase you don't often encounter.Moo said:a particularly sweet VAT officer