Client has paid out VAT to Insurance approved repairer, insurance settled the rest direct with repairer.
Now the client will claim VAT as input tax.
Does the Net amount also needs to go to BOX 7?
Or just VAT element in box 4 and thats it?
Thanks
Insurance Claim & VAT
Client has paid out VAT to Insurance approved repairer, insurance settled the rest direct with repairer.
Now the client will claim VAT as input tax.
Does the Net amount also needs to go to BOX 7?
Or just VAT element in box 4 and thats it?
Thanks