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VAT claim on forfeited deposit , changes?

  • 06-06-2019 8:56am
    #1
    Da11
    Registered Users, Registered Users 2 Posts: 61 ✭✭


    Guys just to confirm-


    If I retain the deposit after customer cancels the whole job, the whole amount including the VAT becomes out of scope of VAT supply and I claim the VAT back ( meeting some conditions off course):

    Deposit charged =100 + VAT@1.135= €113.5

    Transaction cancelled by the customer :

    out of scope VAT supply €113.5
    VAT claim €13.5

    Am I right and was there any changes made to it by the Revenue ? ( UK did make changes from 1 March 2019)

    Thank You!


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