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How VAT Apportionment Scheme Works doshioutsourcing.com

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Doshi Outsourcing Doshi Outsourcing 6 months ago in Business 0

As an Amazon Associate I earn from qualifying purchases.

A retail business is the one that sells directly to the public and so it may find it difficult to issue a VAT invoice for each sale. Such examples are small convenience stores where many transactions are for less than £1, but which will include VAT. In such cases, it is difficult to issue a VAT receipt for each sale and it is time-consuming to record each sale separately to show the VAT in detail. VAT Retail Schemes, such as the apportionment scheme come in handy as it allows a simpler recording of VAT.

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