Topic starter
The UK Government lists £14bn of VAT refunds as receipts in its budget. This is money they claim back from the goods and services they purchase, right?
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Posted : 18/07/2013 9:26 am
I'd imagine that its returned money from where they have paid VAT on goods or services that are ether exempt from VAT or its a refund set against their Tax allowance?
but I'm far from an expert in these things!
Posted : 18/07/2013 9:30 am
Topic starter
I'm thinking the former.
Posted : 18/07/2013 10:56 am