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单词 input tax
释义

input tax


input tax

VALUE ADDED TAX paid on the purchase of goods and services used by a VAT registered person for the purpose of their business.

input tax


Input Tax

In the United Kingdom, the value added tax that a business pays on the products it buys. This contrasts with the output tax, which is the VAT that the business charges customers on what it sells. If the output tax exceeds the input tax, the business must pay the difference to the government. On the other hand, if the input tax exceeds the output, the government refunds the difference to the business.

input tax

see VALUE ADDED TAX.
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更新时间:2024/10/30 9:26:44