Can a business reclaim VAT on business entertainment expenses?

Feb 20, 2024 ... The purpose of postponed VAT accounting is to avoid an impact to your cash flow when importing. In fact, if your business already imports from ... Jul 19, 2024 ... What does VAT mean when booking a hotel? When you see 'VAT' on your booking confirmation, invoice or receipt, it will show the amount of ... Jul 26, 2016 ... A rolled back VAT is basically a return that's been 'undone' in QuickFile, which would normally be generated by clicking this button on the return itself. Jan 6, 2024 ... I see this everywhere I go in Italy, and I have no idea what it means. I know that IVA has something to do with VAT tax, but why is the ... An area of great difficulty in VAT law is the meaning to be given to the term "consideration". This area was the subject of a recent High Court decision. NIF (Número de Identificación Fiscal): This is the generic term for the tax ID number for all individuals. For Spaniards, it's the DNI. For foreigners, it is ... The postponed accounting of import VAT allows the reverse charge mechanism on import VAT amounts. This means that, instead of paying VAT at the border and ... What does "VAT" mean? A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from ... Mar 15, 2024 ... Zero-Rated VAT applies to any goods or services where 0% VAT gets charged. This can include some food and drink, different types of oral ... Mar 13, 2012 ... With vat pasteurization, milk is held at 145ºF for 30 minutes and then quickly cooled. This retains a high percentage of the milk's natural ...