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Search results: 2 article(s) found in topic: Partial exemption - keyword: Annual adjustment

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PARTIAL EXEMPTION

VATman overrides PE claim

If the VATman thinks you’ve over-claimed VAT using the partial exemption standard method, he can impose the standard method override to reduce your claim. What’s to know? More...

PARTIAL EXEMPTION

Time for the PE exercise

If your business makes exempt supplies, you’ll have to make a partial exemption calculation each time you complete a VAT return. Once a year you have to do an annual adjustment as well - what’s involved? More...
Last updated: 20.07.2018

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