What to do with Form C79?

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It was a Monday morning and surprisingly M25 was not that busy. My commute from Sidcup to Colnbrook was not bad as the door to door journey was around 1 hour 12 minutes. Anyway, I am lucky that I don’t travel this much every day but, I will be travelling to Colnbrook until February as […]

VAT on Discounted Sales

Posted on Posted in VAT

G Ltd. offers a discount of 10% to its customers who make the payments within 30 days of the invoice. Question: G Ltd. has made a sale of £4500 plus VAT to a customer G Ltd. Should G Ltd. pay output VAT on full £4500 or on the price after discount offer. Answer: After the […]