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 Vat431c 2022

Vat431c 2022-2025 Form

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[Music] hi these two questions came overnight from somebody who'd visited the website and uh he's somewhat confused so this both are doing new bills and this gentleman says uh i don't understand the zero rating because i assume you just pay 20 v80 across the board to everybody and claim it all back come the end of the job this is not correct any contractor that comes to site to do any work for you shouldn't be charging you any v80 and that applies to the labor and any materials that they supply your news so um you will pay v80 when you visit stores to make purchases which would be reclaimed but if you pay a contractor 20 v80 when basically you shouldn't have hmrc will not refund that v80 to you now not picking on these particular trades as such but um common and commonly uh kitchen suppliers where you might go to ren and purchase the kitchen and go down their route of their supply and fit service they should not charge you the v80 so it would be that exempt there ar

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