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Charging and reclaiming VAT

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Charging and reclaiming VAT

Once your VAT registration is complete you will need to update your invoices as you need to include your VAT number on all your invoices.

A VAT registered business can usually claim back the purchase VAT that has been spent on business expenses.

To reclaim VAT you must have a ‘valid VAT invoice’ for the expense. The information that needs to be included on a valid VAT invoice includes;

  • Supplier’s invoice number
  • Supplier’s name and address
  • Supplier’s VAT registration number
  • Details of the product or service supplied
  • Date
  • Total cost excluding VAT
  • Amount of VAT charged