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flat rate vat - payments in advance

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client selling a hotel as a transfer of a going concern.

He uses the flat rate scheme 

payments in advance - he will have to pay the VAT when he receives and then pay the gross over to the new owner.

how will he claim his VAT back ?

 

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By jonibarnes
31st Jul 2018 14:23

he just pays the net over doesnt he

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By jonibarnes
31st Jul 2018 14:25

doh

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