What is blocked input tax? Blocked input tax is VAT that cannot usually be recovered. The most common type of blocked input tax is VAT on business entertaining. There are usually two types of entertainment expense incurred by a business and it is very important to distinguish between the two because the VAT treatment…
Submitting a VAT Return using Sage is a simple process, however before you can do this you need the correct log in details to do so. These log in details are commonly known as a Government Gateway ID. As a Sage user that is not currently using Sage to submit your VAT returns, you will…