Another stupid question from the man over here!
I will be contracting and advertising a home repair service for printers and computers. with this i am confused with the vat side thing.......
Question is about when claiming your VAT back (end of year or quarterly not sure when you do that yet)
Imagine i have spent £2000 on vat in one year buying computer parts to fix joe public's machines when i claim this back does it come back to me in a lump sum or is it given in a tax releif way??
Sorry if this is a stupid question.
jonny M
I will be contracting and advertising a home repair service for printers and computers. with this i am confused with the vat side thing.......
Question is about when claiming your VAT back (end of year or quarterly not sure when you do that yet)
Imagine i have spent £2000 on vat in one year buying computer parts to fix joe public's machines when i claim this back does it come back to me in a lump sum or is it given in a tax releif way??
Sorry if this is a stupid question.
jonny M
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