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Business Terms and Jargon Explained
What is Deductible VATTax 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: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.
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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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary. |