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Brilliant Budgets and Forecasts
book

Brilliant Budgets and Forecasts

by Malcolm Secrett
July 2012
Beginner to intermediate content levelBeginner to intermediate
328 pages
5h 38m
English
Pearson Business
Content preview from Brilliant Budgets and Forecasts
Chapter 11

This chapter is about …

What VAT (Value Added Tax) is and how it works. We’ll then add calculations for VAT to the illustration framework and see how it affects forecast cash flow.

What is VAT?

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VAT is a tax, administered by HM Revenue & Customs (HMRC) in the UK, which every business with a turnover greater than a certain limit must add on to the selling price of its products or services. A business with a turnover greater than the limit must be registered for VAT with HMRC; but businesses with a lower turnover may apply for voluntary registration. ...

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Publisher Resources

ISBN: 9780273730910