Tax Insider Tip: Selling Goods On Interest Free Credit!
There are two ways retailers can finance interest-free credit: self-finance where the retailer simply collects payment over an agreed period of time, and finance provided by a third-party finance house.
In the latter case, the finance house makes a charge to the retailer for providing ‘interest-free’ credit to their customer.
In the May issue of Tax Insider, out now, Andrew Needham looks always of reducing the amount of VAT due when selling on interest-free credit.
It’s a really useful strategy to know about that can benefit even the smallest of landlords.
As part of our 'three-free-issue' Tax Insider trial, you'll get this strategy plus 20 more delivered to your doorstep.
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Happy Tax Saving!