Hi, a very simple query
I paid £24.98 for some work tools
£24.98 comes off as an expense to the business and therefore reduction in corporation tax, however on the receipt I have paid £4.16 VAT, is that a further kickback for the business, so I get VAT back as well as the taxable expense deduction
Thanks
I paid £24.98 for some work tools
£24.98 comes off as an expense to the business and therefore reduction in corporation tax, however on the receipt I have paid £4.16 VAT, is that a further kickback for the business, so I get VAT back as well as the taxable expense deduction
Thanks
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