Business terms and jargon explained. Your business dictionary

What is Deductible VAT

Tax Definition:-

Deductible VAT is the VAT payable on purchases of goods or services, intended for intermediate consumption, gross fixed capital formation or for resale, which a producer is permitted to deduct from their own VAT liability to the government in respect of VAT invoiced to their customers..

Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Diversification On Consignment Third Country Relative Wage Flexibility
Fiscal Policy Bail Refer to drawer HR
In esse Turnover Abscond Inflation
Patent Pools Office Of Exit Bull Market Comitology
Overwrite Procedure Outward Processing Relief Case stated Group Incentive
Bonded Warehouse Artificial Intelligence SERP Blue Chip
Base Rate Yankee market Undercapitalized Holding Company
Wanton Amortisation Project brief Asset Allocation
NIDAC Sanction Accounting reference date Benefits in kind
Hardware Bad debt Charity Auction

Term created / updated 2007-01-19 00:25:31

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2018 Scopulus Limited. All rights reserved.