Hypothetical situation (kind of!)
Water damage to a property - property owner claims under insurance policy.
Company A does the work and invoices the Insurance company for €1,135 (€1,000 + VAT)
How much money does the Insurance company have to pay out if
A. the property owner IS registered for VAT, and
B. the property owner is NOT registered for VAT
Water damage to a property - property owner claims under insurance policy.
Company A does the work and invoices the Insurance company for €1,135 (€1,000 + VAT)
How much money does the Insurance company have to pay out if
A. the property owner IS registered for VAT, and
B. the property owner is NOT registered for VAT