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Hello

Can anyone point me in the direction of a worked example of a Partial Exemption calculation for VAT that I can even understand?  Even our accountants seem to be having trouble explaining to me how to extract this from our VAT return and what to do?

Any help much appreciated.

Rachel

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Replies to This Discussion

HI Rachel,

Let me know if this example is any good - it's an example I've used with (student) accountants

Partial%20Exemption.pdf

Regards

Mahmood

Thanks Mahmood that's really helpful.  

Rachel

My pleasure - as with all these things make sure you keep good records. You need to be able support claims for exempt input vat etc

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