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   

N227 Civil Court form Financial Auxiliaries CCCL
Freelance Warranty liability Voting right
Value added tax (VAT) Period Entry Cestui que trust
Fifo Bid Administration
Vendor Free Zone Manager Certified Documents
e-company Executrix-dative Credit Sale
Indictment Fiscal Policy Accountancy
EEMEA Routing Switch
Kopek Doli incapax Jus
committal FAQ CAFCASS
Som Expert witness Primary legislation
Monetary Policy Ratio decidendi Cyberliabilities
VOIP Bull Market Deposit

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 © 2004-2019 Scopulus Limited. All rights reserved.