Details About How VAT Apportionment Scheme Works

Peterbrown92922 Apr, 2021Business

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.