3rd May 2012, 10:17 AM
Quote:[SIZE=3]PRIOR YEAR ADJUSTMENT For Glamorgan-Gwent Archaeological [/SIZE]
[SIZE=3]The Trust registered for VAT in 2009. Subsequent to this it has been established that the Trust was obliged to register on the 1st April 1989.
[SIZE=3]Following negotiations with Her majesty's Revenue and Customs the back dated VAT liability [/SIZE][SIZE=3]payable by the Trust has been assessed and agreed as ?582,600. A time to pay proposal has been agreed with Her Majesty's Revenue and Customs for the Trust to repay E4,250 per month and the outstanding liability as at the balance sheet date was: ?363,944.[/SIZE]
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According to HMRC for twenty years it doesnt look "sound". 25 grand a year might have gone somewhere towards paying for HER baubellum.
I presume that Martin does not know what isnt zero rated in the VAT world? Books for instance, context sheets? graphics, photographs, education, knowledge, copyright. But they have found something that they charge and pay VAT for. What do they charge little old ladies 20% VAT for? (is it 20%)
Reason: your past is my past