Quick question my boyfriend is VAT registered though only recently, does he pay VAT on all his supplier from say the plumbing stoe and then claim back the VAT using VAT3 Form or does he give them his VAT number and not pay the VAT its just you hear people saying just quote your VAT number and you dont pay it.
Quick question my boyfriend is VAT registered though only recently, does he pay VAT on all his supplier from say the plumbing stoe and then claim back the VAT using VAT3 Form or does he give them his VAT number and not pay the VAT its just you hear people saying just quote your VAT number and you dont pay it.
He should really take professional advice if he's that unclear about what to do.
Essentially he charges VAT on his services...this is then recorded on the VAT3 form along with the total VAT on all purchases pertaining to the business. This results in a payment to the Revenue or a payment from the Revenue.
Quick question my boyfriend is VAT registered though only recently, does he pay VAT on all his supplier from say the plumbing stoe and then claim back the VAT using VAT3