The launch of VAT Calculators marks a significant advancement in the realm of VAT calculations. Designed for businesses, and financial professionals. LONDON, UNITED ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

The UK VAT rules applicable to VAT exempt supplies continue to be a frequent area of dispute with the UK tax authority (HMRC). They are also a set of rules that can lead to unexpected VAT costs ...

Prior to 10 January 2012, the purchasing VAT-Vendor was (under certain circumstances) able to claim the transfer duty paid in respect of the acquisition from SARS as a notional input tax credit. This ...

I would like help in resolving a mild disagreement in the office over how to do the accounts for a client which uses the flat rate VAT scheme.