Re:Sales tax creates more unnecessary pain than value added tax
by TazeTSchnitzel on Saturday December 12, 2020 @05:47AM
(#25397395)
The reverse charge is still VAT being paid, just differently.
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Re:Sales tax creates more unnecessary pain than value added tax
by joefourier on Saturday December 12, 2020 @06:01AM
(#25397457)
How so if the net liability change is nil? No extra money comes out of your account, it's just a paper charge that cancels itself.
If I have misinterpreted it, I would very much like to know so I can inform my accountant. VAT is enough of a hairy mess as it is.