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Tag Archives: settlement discount
VAT Early Settlement Discount
In the UK, if you allow a discount for early settlement of an invoice (aka prompt payment) then the VAT is calculated on the discounted amount regardless of whether the discount is taken. Sub Total: 10.00 VAT: 1.58 Net Total: … Continue reading
Posted in Tax, VAT
Tagged Early Settlement Discount, ESD, Prompt Payment, settlement discount, VAT
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