VAT & Shop Receipts ?


Question:
Does an everyday shop receipt {long skinny ones} count as a VAT receipt. Am I able to use them in my accounts ? I get alot of my stock from small shops & this is the only way they have?

Answer:
yes you can.
you just deduct 17.5% from it.
get an accountant to sort your books out and they will do it all for you
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