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VAT Refund inport export?

A-VicA-Vic Expertise GuaranteedRegistered Posts: 6,970
Probs a daft question but having a blank day.

If a client exports and pays vat on his purchases but does not charge VAT on their sales can they reclaim the VAT before they pay their creditors???

Comments

  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    In most cases, yes!
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Thanks Dean wasnt sure if there was any rules behind it
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Am i also right in thinking you cant do this if its cash accounting?
  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    You can, you just have to wait until you have paid your creditors before claiming that VAT.
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Thanks dean kinda what i ment :) not very good at explaning myself
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