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Businesses reclaim any VAT they pay. You file a monthly/ Quarterly/Yearly report to the taxman either to Pay VAT you collectes or to rexlaim VAT you paid Only
by ClumsyPilot 4y ago
Businesses reclaim any VAT they pay. You file a monthly/ Quarterly/Yearly report to the taxman either to Pay VAT you collectes or to rexlaim VAT you paid
Only the end consumer pays VAT.
- zeckalpha 4y agoThat sounds like Sales tax rather than VAT.