Re:Apple has €13bn Irish tax bill overturned
by trollied on Wednesday July 15, 2020 @10:58AM
(#23846072)
You're actually both right.
A company collects VAT from customers when they purchase. But it also buys from suppliers at a lower value. It pays the difference in the two VAT numbers (from customer-to supplier) to the VAT authority.
A company collects VAT from customers when they purchase. But it also buys from suppliers at a lower value. It pays the difference in the two VAT numbers (from customer-to supplier) to the VAT authority.