Suppose you are registered for VAT and you purchase a small van for 15k(inclusive of VAT).
The VAT paid on the van is 2700(i.e. 15k - 15k/1.215). If you submit your VAT payments every 2 months, could you share out that 2700 over 6 VAT returns each year(i.e. 1 year).
Thanks
The VAT paid on the van is 2700(i.e. 15k - 15k/1.215). If you submit your VAT payments every 2 months, could you share out that 2700 over 6 VAT returns each year(i.e. 1 year).
Thanks