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VAT question.

T Corolla · 2010-11-05 20:23:48

Folks when someone says that you (business) can claim the vat back. Does this mean that they get all of the vat price back or a % of the vat price back

05-11-2010 8:23pm

#1

T Corolla

Closed Accounts Posts: 611 ✭✭✭

Join Date: August 2008

Posts: 471

Folks when someone says that you (business) can claim the vat back. Does this mean that they get all of the vat price back or a % of the vat price back

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Comments

#2 05-11-2010 8:28pm

drunkmonkey

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Posts: 27823

You get all the vat back, so if you pay 21% vat you get 21% back. But you also have to pay vat on all your sales, you usually offset one against the other.

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