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VAT on Acquisition costs

VAT Acquisition Recharge

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An UK entity is owned by an American entity.

The American entity acquires another UK entity. The existing UK entity is fasciliatating the acquisition. KPMG is advising on the acquisition.

The cost from KPMG is sent to the UK entity including VAT.

The UK entity will recharge this cost to the US entity.

How should the UK entity treat the VAT from KPMG.




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