21st September 2020
Tax
CHW Accounting
Cash flow is vital to all businesses – regardless of size. However, they often overlook VAT during cost reduction exercises. But, businesses can generate significant profit and loss and working capital savings if the area of VAT is reviewed.
Cost reduction exercises focused on improving cash flows and working capital basically centre on speeding up the time at which VAT is recovered on costs and delaying the time at which VAT is paid on income and there are a number of ways this can be achieved.
Some examples include:
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If you are interested in finding out more or you would like to discuss your VAT cash flow position please contact us.
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