P
Philip Herlihy
I'm a small trader, not registered for VAT. Sometimes my customers ask
me to purchase IT equipment for them. I understand that this means they
can't reclaim the VAT on those purchases, as the accounting 'chain' is
broken, but does it matter? Surely those purchases can be written down
as business expenses anyway? I'm sure this is a naive question, but I
don't know the answer!
me to purchase IT equipment for them. I understand that this means they
can't reclaim the VAT on those purchases, as the accounting 'chain' is
broken, but does it matter? Surely those purchases can be written down
as business expenses anyway? I'm sure this is a naive question, but I
don't know the answer!