China Briefing

Can Small-Scale Taxpayers Issue Special VAT Invoices by Themselves in China?

The special value-added tax (VAT) invoice, also called special VAT fapiao, is an essential document used to offset input VAT from output VAT, thereby relieving the taxpayer from VAT payment ...
China Briefing

China Clarifies Use of Special VAT Invoices for Export Tax Refunds

Jun. 14 – To clarify issues that occur when foreign-trade enterprises apply for export tax refunds using special value-added tax (VAT) invoices which have been approved as input VAT creditable, the ...
JD Supra

UK HC confirms HMRC should consider allowing input VAT recovery on robust alternative evidence—even where no VAT invoice exists

Hotelbeds UK Ltd operates as a wholesale supplier of hotel accommodation, purchasing rooms from UK VAT-registered hotels and reselling them to travel businesses. Due to industry practice, Hotelbeds ...
Forbes

VAT Strategies To Enhance Your Cash Flow

Effective cash flow management is critical to running a successful business. However, many companies overlook this fundamental principle, focusing primarily on revenue under the assumption that ...
Independent.ie

VAT: How incorrect invoicing can cost your business thousands

Invoice timing: Taxpayers should also ensure that all VAT invoices are issued in a timely manner. VAT invoices must be issued by taxpayers within 15 days of the end of the month in which the goods or ...
JD Supra

UK HC Confirms HMRC Should Consider Allowing Input VAT Recovery On Robust Alternative Evidence – Even Where No VAT Invoice Exists

Hotelbeds UK Ltd operates as a wholesale supplier of hotel accommodation, purchasing rooms from UK VAT-registered hotels and reselling them to travel businesses. Due to industry practice, Hotelbeds ...