Once you understand the basics, VAT is reasonably straightforward. But there are some areas where it is easy to make mistakes. These can lead to stringent penalties, and ignorance is no defence. In this briefing, we assume you understand the basics and concentrate on some of the more unexpected pitfalls. It covers:
- Timing and paperwork problems
- Unreclaimable VAT.
- Exceptions for unusual supplies
- Where to get help and advice.
