GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
06:26 Oct 10, 2007 |
German to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Barbara Schiefer United Kingdom Local time: 02:45 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +5 | can be claimed back as input tax |
| ||
4 -4 | can be validated as pre-tax |
|
can be claimed back as input tax Explanation: The person has to pay the VAT first, but can then claim it back on his VAT return, thus he suffers no financial loss. |
| |
Grading comment
| ||