VAT question - mortgage interest box 7 on return

VAT question - mortgage interest box 7 on return

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Hi

former book keeper has put mortgage (capital and repayment) and bank charges into box 7

i think this is acceptable as both are exempt/zero rated so no change to the total but is it better to leave this out from box 7??

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By petersaxton
27th Aug 2012 15:13

Yes and no

Bank charges - yes

Mortgage payments - no

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