Business Terms and Jargon Explained

What is Global Accounting

Tax Definition:-

An optional way of accounting for VAT on low value, bulk volume, margin scheme goods. Intended for businesses that would have difficulty maintaining the detailed records needed to operate the margin scheme. Conditions apply.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-30 12:32:04

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