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A comment on Apple to Pay £3.8m Tax on £1.2bn UK Sales. Parent comment

Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales by youngtaff on Monday July 01, 2019 @03:24PM (#20328829)
VAT is not paid by companies!

I run a VAT registered business… I discount all the VAT I pay my suppliers against the VAT I charge my customers, and send the balance to HMRC

Every VAT registered company does the same - non VAT registered businesses and individuals pay VAT

[ Parent | on HN ]
Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales by hartator on Monday July 01, 2019 @04:22PM (#20329352)
You pay VAT between the difference VAT incomes and VAT expenses. Exactly like tax on profits. It’s just at another accounting level. The distinction is arbitrary.
[ Parent | on HN ]