Hi all
I thought I was doing this right, until, as so often happens, I read contradictory advice on the internet ...
I sell digital stuff. If I make a sale and then give a customer a refund, have I made a sale for the purposes of the vat return?
Thanks
Ralph
Replies (4)
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Depends
If the sale is one VAT accounting period and the refund is in another - then you report the sale in the first period and the refund in the second.