In this section:
- Charging VAT
- Reclaiming VAT
- VAT rates
Charging VAT
Products and services where you have to charge VAT If you're VAT-registered you must charge VAT on the VATable goods and services you sell - this is known as output tax
VAT on discounts, vouchers and special offers Charging VAT on promotions such as discounts, multi-buy offers, coupons, vouchers and manufacturer-supported promotions
VAT on incidental expenses to clients; disbursements How to account for VAT on disbursements - eg client expenses such as travelling, admin or bought-in services
Dealing with VAT when goods are returned How to adjust VAT when you return goods to a supplier or a customer returns goods to you
Which transaction should go on which VAT return? Understanding tax points and when to include something you buy or sell on your VAT return - also known as time of supply
