Business Terms and Jargon Explained

What is Non-deductible VAT

Tax Definition:-

Non-deductible VAT is the VAT payable by a purchaser that is not deductible from the purchasers' own VAT liability, if they have any liability.

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 15:29:53

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