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Companies in exempt sectors such as finance, health,
insurance, and education can only reclaim VAT on purchases to the
extent that those purchases are attributable to taxable (i.e.
non-exempt) sales.
What if a purchase is used to make both exempt and
taxable sales?
How much VAT can be reclaimed?
We have successfully negotiated advantageous special
methods of calculation with HMRC on many occasions - and for more
information, contact Alan or Nick.
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