If you thought VAT was somewhere to store whiskey, it can be a bit of a shock to discover that, in business, you can become an unpaid tax collector for the government. You can become a part-time VAT man, (or VAT woman). Often, the business of your business is time consuming, technical and maybe even tedious. You know about that stuff. But after a while in business, lots of phrases routinely fall from your lips, such as “cash flow management”, ”claiming the VAT back” and heaven forbid, “moving forward” and you may not even realise that you don’t actually know what these phrases [...]Read More
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