VAT rebate and deemed payment
Hi guys,
Just a quick question, that having done a quick search I can't seem to find having been answered. How does a VAT rebate fit into the deemed payment view under IR35? I.e. I bill a client with VAT added, I pay Mr Vat man under the FRS and have some money left over in the company accounts. Is this deemed payment if the VAT was charged inside an IR35 contract/invoice or does it go into company profits? I'm guessing the former but just wanted to double check.
Cheers,
Chris
Just a quick question, that having done a quick search I can't seem to find having been answered. How does a VAT rebate fit into the deemed payment view under IR35? I.e. I bill a client with VAT added, I pay Mr Vat man under the FRS and have some money left over in the company accounts. Is this deemed payment if the VAT was charged inside an IR35 contract/invoice or does it go into company profits? I'm guessing the former but just wanted to double check.
Cheers,
Chris
