vat recoverable rate

hopehope · 07-02-2019 10:50pm #1

Hi there, can i ask that does the company have to review the vat recoverable rate for the passing year 2018？ if the recoverable rate for 2018 was revised, should an adjustment for 2018 purchase inputs claimed,be made in 2019 Jan/Feb vat return?
Many thanks!

The_Chap · 07-02-2019 11:33pm

hopehope wrote: »

Hi there, can i ask that does the company have to review the vat recoverable rate for the passing year 2018？ if the recoverable rate for 2018 was revised, should an adjustment for 2018 purchase inputs claimed,be made in 2019 Jan/Feb vat return?
Many thanks!

Not entirely sure what you are asking here? The vat rates are effective from a certain date until budget changes dictate otherwise?

Example?

Calahonda52 · 08-02-2019 10:11am

The_Chap wrote: »

Not entirely sure what you are asking here? The vat rates are effective from a certain date until budget changes dictate otherwise?

Example?

IIRC, some companies, such as fin services have a composite rate, which may be what OP is at here

hopehope · 12-02-2019 10:09pm

Thanks Chap and Calahonda52 for the reply!

vat recoverable rate

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