Business terms and jargon explained. Your business dictionary

What is Input Tax

This is the VAT that was charged on input items to the business. i.e., raw materials, goods and services. If the business is VAT registered it can claim back this VAT and/or contra it against the VAT it charges and collect for HMRC on goods and services it sells.

<- 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   

Resource Allocation Rational Decision Inter alia Bimonthly
Exempt Persons Balance of trade (BOT) Decree Absolute Writ
Adjusted earnings IDE Ex facie Tynwald
FIO Executor-dative Drawback Headhunter
Crown Copyright Waiver Proactive Supply VAT Input Tax
Backdoor Not negotiable Tax Year Public corporations
Capital Board of Directors Blocked Input Tax Cryptocurrency
Spam Convertible Mark Pro Rata Forwarding Agent
Non-Monetary Contingency Litas Garnishment
Bespoke White Bonnet Wetware Black knight

Term created / updated 2011-05-14 13:56:56

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 © 2004-2019 Scopulus Limited. All rights reserved.