Business Terms and Jargon Explained

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.

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APR National debt Sub silentio
Entities Committal for sentence Single linking agreement
Barter Bill of Lading Deposition
Dumping Domicile of origin Eminant Domain
Baseline Security Stay Oxygen-move
OEIC General Partnership Core Competences
Price gouging Pataca Underwithholding
Intermediate goods 2FA Lucas critique
Depreciation Pre-Registration Expenses Abatement
Loti Grant of probate Commission
Annual bonus Reimbursement Supply VAT
Public relations Accrued Interest Guardianship order
Penetration Testing Insider report Dram

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

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